Treasury Secretary Scott Bessent says the Fed should “wait and see” before cutting rates amid the Iran war.
He called the current inflation surge transitory, per Semafor.
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What a 🤡
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Transitory. lol. Scotty b is pooping his pants.
Here we go again!!
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Transitory 😂😂😂 even he must have smiled a bit when he said that
Bessent’s "wait and see" approach makes sense given the geopolitical uncertainty, but calling this inflation "transitory" feels premature—energy shocks could linger. I just read that Trump expects Iran talks to clarify soon, which might ease some pressure.
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