Reported 2 days ago
Treasury Secretary Scott Bessent stated that he is not concerned about inflation stemming from President Trump's recent tariffs on China, Mexico, and Canada, although he acknowledges a potential one-time price adjustment. Speaking at the Economic Club of New York, Bessent argued that the one-time impact of tariffs should not influence Federal Reserve policy, and he emphasized the need for sound fiscal measures to reduce long-term borrowing costs.
Source: YAHOO