Sec. Bessent on Inflation: In the Biden Debacle You Had 5% Real Wages, Since Trump Came in, We’re Seeing Real Wage Growth

RUSH EXCERPT:
BESSENT: "Well, really, that’s exactly it, because, you know in the Biden debacle what happened was, wages were about went up about 17 percent inflation went up 22 so you had negative negative 5 percent real wages and we’re seeing for working Americans real wage growth since President Trump came in and my message is the wage gains are going to continue We will get to the other side of this Iran conflict. Energy prices will drop. We are seeing what you economists call food at home Americans call it groceries is now below 2 percent increase and, the, the biggest drop thanks to President Trump’s policies and prescription drugs in history down about 4.5 percent. Rents are down substantially So, everything is falling into place and we have an energy shock and we’re gonna get to the other side Side of that"