Bessent Says He Sees Inflation Reaching Fed’s 2% Target Quickly

Treasury Secretary Scott Bessent said he’s confident US consumer price increases will slow over the course of the year after a poll suggested Americans want President Donald Trump to focus more on bringing down inflation.

Bessent defended Trump’s economic plans on CBS News’ Face the Nation, saying the president is seeking “a holistic approach that there will be tariffs, there will be cuts in regulation, there will be cheaper energy” over time.