Treasury Secretary Scott Bessent challenged CBS journalist Margaret Brennan on Sunday over the potential inflationary impact of President Donald Trump’s tariffs.
In a “Face the Nation” interview, Brennan insisted “the reality is there will either be less inventory or things at higher prices, or both.” Bessent shot back, alluding to a previous conversation they had in March, days before Trump unleashed his “Liberation Day” tariffs upon the world.
“Margaret, when we were here in March, you said there was going to be big inflation. There hasn’t been any inflation,” Bessent said. “Actually, the inflation numbers are the best in four years. So why don’t we stop trying to say this could happen, and wait and see what does happen.”
.@SecScottBessent: “When we were here in March, you said there was going to be big inflation. There hasn’t been any inflation….
