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Bessent says inflation rise ‘has nothing to do with tariffs’ (thehill.com)

submitted 1 week ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Treasury Secretary Scott Bessent said on Sunday that Trump’s sweeping tariffs have “nothing to do” with the rise in inflation.

In an interview Sunday on NBC News’s “Meet the Press,” moderator Kristen Welker pressed the secretary on the administration’s decision to roll back tariffs on more than 200 food products, just as Trump has renewed his focus on affordability.

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[–] aseriesoftubes@lemmy.world 7 points 1 week ago (1 children)

Oh, okay then, I guess that settles it.

[–] AmericanEconomicThinkTank@lemmy.world 1 points 1 week ago

Well I for one am glad to hear it.

Was starting to worry about having to think for myself a little bit there.