Bessent: 'We Will Own the Economy,' but 3.7% Inflation Is an Energy Shock
New Delhi, Oct. 19 -- Asked on Sunday when the administration would take responsibility for the economy, Treasury Secretary Scott Bessent said "we will own the economy," then called the price surge "an energy supply side shock" and said the country would "get to the other side of the Iran conflict."
consumer prices up 3.7% from a year earlier, the fastest pace in five months. She asked whether the president's policies were driving inflation. "Kristen, we have an energy shock," Bessent answered. The same interview produced his remarks on Ukraine missile intelligence, which TEH reported separately.
The numbers land 16 days before the midterms, as Welker noted at the top of the show, and NBC News called the September report the final CPI r...
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