Bessent: Strong Holiday Season, Inflation Easing

Treasury Secretary Scott Bessent recently shared optimistic news about the U.S. economy, highlighting robust consumer spending and strong GDP growth. He downplayed concerns about tariffs and attributed current inflation issues to embedded inflation from the previous administration. Bessent also addressed a federal investigation into welfare fraud in Minnesota, noting significant money recovery. However, a CBS poll shows public perception of the economy differs from official optimism. The Daily News Now! - Every city. Every story. AI Powered. Hosted on Acast. See acast.com/privacy for more information.