US EditionTreasury Sec Bessent to Newsmax: Trump Admin Targets Energy, Mortgage Relief
Treasury Secretary Scott Bessent outlined plans to reduce inflation and borrowing costs while boosting wages to ease the U.S. affordability crisis affecting housing and daily expenses.
- On Tuesday, Treasury Secretary Scott Bessent acknowledged Americans still strain under high prices and said the administration drives down energy costs and mortgage rates while pushing wage growth.
- Bessent said the country is still living with the fallout from the post‑COVID inflation surge, with consumer prices rising 9.1% before easing to about 3% this fall, according to Labor Department data.
- Bessent noted the 30‑year mortgage rate fell from 7.08 on January 20th to 6.22, with private surveys indicating mid-6% averages.
- Policy ideas include a portable mortgage modeled on Britain to free owners stuck in 3% loans, while lower energy prices and getting rates `down to the fives` could boost homeownership.
- Bessent pushed back against a media narrative under former President Joe Biden calling public anger a `vibe session`, while MSNBC's Nicolle Wallace called him and the administration `wildly out of touch` and said, `This is what a $600 million Treasury Secretary gets you, politically.
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Bessent: 'Real Wages Are Going to Increase,' Easing Affordability Issues
Wednesday on Fox News Channel's "Fox & Friends," Treasury Secretary Scott Bessent said soon "real wages are going to increase," which will ease the affordability issues. The post Bessent: ‘Real Wages Are Going to Increase,’ Easing Affordability Issues appeared first on Breitbart.
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Treasury Sec Bessent to Newsmax: Trump Admin Targets Energy, Mortgage Relief
Treasury Secretary Scott Bessent acknowledged Tuesday on Newsmax that Americans are still straining under high prices but said the Trump administration is attacking the affordability crisis by driving down energy costs and mortgage rates while pushing for stronger wage growth. Bessent told "Rob Schmitt Tonight" the country is still living with the fallout from the post-COVID inflation surge when prices jumped at the fastest pace in four decades.…
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