Sec. Bessent: ‘This Is an Energy Shock, We’ll Get to the Other Side of the Iran Conflict and Those Prices Will Come Down’

RUSH EXCERPT:
BESSENT: "We have an energy shock and if you look underneath the hood in the numbers the core inflation, the has been very flat before this month It had been down for four months in a row so core inflation is down The, food is below the Fed’s targets The prescription drugs have had the biggest decrease in history rents are down so this is an energy shock We will get to the other side of the Iran conflict and those prices will come down"