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Bessent sees 'substantial disinflation' ahead as Warsh takes over the Fed
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for new Fed chair Kevin Warsh to take over. Bessent said he thinks there will be one or two more "hot inflation numbers, but then I think we're going to see substantial disinflation.
Even with recent inflation news universally bad, Treasury Secretary Scott Bessent expects price pressures to ease soon, just in time for new Fed chair Kevin Warsh to take over. Bessent said he thinks there will be one or two more "hot inflation numbers, but then I think we're going to see substantial disinflation.