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Scott Bessent: Core inflation at 2.5% moves toward U.S. Fed target

Scott Bessent: Core inflation at 2.5% moves toward U.S. Fed target
Core inflation at 2.5 percent nears Fed goal

Scott Bessent, 79th U.S. Secretary of the Treasury; founder of Key Square Group; former hedge fund manager, comments on the historical efficacy of communism, referencing the Soviet Union, Cuba, and Venezuela as examples where such policies have resulted in less prosperity.

He also highlights that core inflation recently came in at 2.5 percent, which he views as a strong result moving toward the U.S. Federal Reserve's 2 percent target.

Bessent has previously criticized Federal Reserve reporters for prioritizing insider discussions over detailed economic reporting, as noted in earlier comments on Fed coverage. He also drew attention to new Treasury guidance allowing employers to contribute up to $2,500 tax-free to Trump Accounts for employee dependents, according to a recent update. These remarks follow his ongoing engagement with fiscal policy and regulatory developments.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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