Sec. Scott Bessent Predicts Energy Prices Will Fall Once the Current Supply Shock Tied to the Iran Conflict Eases

TRANSCRIPT:

BESSENT: “We’ve seen over a million private sector jobs created. We are seeing real wage growth. So, what I would say is that, unlike under the Biden Administration, where we had negative wage growth, we are seeing substantial wage growth here, that wage growth is going to continue going. We will get to the other side of this Iran conflict. The energy prices will drop, and you will pick your purchasing power back up.”