Treasury Secretary Scott Bessent took a seasoned CBS News anchor to school, brushing off previous warnings she made concerning inflation during an interview on her Sunday news program.
With this one rebuttal, Bessent waved away months of skepticism concerning President Donald Trump’s economic policies.
Bessent made an appearance on “Face the Nation,” where he squared off against anchor Margaret Brennan on the topic of the president’s tariffs and the alleged threat they pose to Americans’ bank accounts.
Months prior to the interview, Brennan posed similar questions as she regurgitated lines from left-leaning economists who predicted prices would spike and inflation would skyrocket.
However, during their conversation on Sunday, Bessent swatted away these concerns with pure, unadulterated joy.
“Margaret, when we were here in March, you said there was going to be big inflation. There hasn’t been any inflation,” Bessent said, with a smile of satisfaction.
WATCH:
Scott Bessent: "When we were here in March, you said there was going to be big inflation. There hasn't been any inflation. Actually, the inflation numbers are the best in four years. So why don't we stop trying to say this could happen — wait and see what does happen." pic.twitter.com/CQJ6BAt7D2
— Red Line News (@RedLineNewsUSA) June 1, 2025
A recent Labor Department report revealed that the increase in consumer prices had finally cooled off, hitting its lowest level in over four years.
Many say this news is what led to Bessent’s victory lap on the program.
During the month of April, the consumer price index showed a 2.3 percent year-over-year rise, which