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Former Treasury Secretary Responds to Brennan's Inflation Prediction

  • On Sunday, Treasury Secretary Scott Bessent disputed CBS anchor Margaret Brennan's concerns about inflation during a Face the Nation interview.
  • The debate arose from earlier predictions that President Trump's tariffs would trigger inflation, though recent Labor Department data shows inflation at a four-year low.
  • Bessent argued inflation numbers are improving with core Consumer Price Index at 2.3%, energy prices down 20%, and food prices, including eggs, falling significantly.
  • He stated inflation concerns were “alarmist” and emphasized efforts to de-risk from China without decoupling, citing delays in trade talks and supply chain risks exposed by COVID.
  • Bessent's comments suggest confidence in managing inflation and trade risks despite skepticism and upcoming debt ceiling negotiations expected this summer.
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Mediaite broke the news in United States on Sunday, June 1, 2025.
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