Tariffs, Inflation, and Tempers: Bessent in the Hot Seat
TL;DR
At a House Financial Services Committee hearing, Treasury Secretary Scott Bessent clashed with Maxine Waters over tariffs inflationary impact, with Waters pressing about a claimed warning that tariffs are inflationary and Bessent denying that wording while arguing tariffs inflation effect is modest; the exchange highlights the ongoing debate over tariffs price effects on housing and consumers.
Topics:nationeconomy#economy#house-financial-services-committee#inflation#maxine-waters#scott-bessent#tariffs
- Scott Bessent’s ‘gotcha’ moment on Trump’s tariffs and inflation Fortune
- Bessent Says Fed Lacks Accountability and Has Lost Public Trust The New York Times
- On Capitol Hill, Treasury Secretary Bessent’s testimony descends into insults and shouting matches 10TV
- Maxine Waters’ ‘Can you shut him up’ moment with Scott Bessent, explained CNN
- Treasury Secy. Bessent Testifies on U.S. Economy C-SPAN
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