Reported about 17 hours ago
Treasury Secretary Scott Bessent expressed confidence that US inflation will quickly reach the Federal Reserve’s 2% target, citing a holistic economic strategy from President Trump, which includes tariff adjustments and deregulation. Bessent pointed to declining mortgage rates and Treasury yields as indicators of easing inflation. Despite a recent poll showing many Americans want Trump to prioritize inflation reduction, Bessent remains optimistic about achieving the target within the next 6 to 12 months.
Source: YAHOO