Bessent: Hopefully we don't get a recursive Biden-flation
Politics
USD

- We're very vigilant about inflation, it could happen again
- Before we can bring down inflation, we also want to help affordability
- As we bring down inflation, we want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments
Another 10% in the stock market and a recession would do plenty to bring down interest rates.
Source: Forex Live