Treasury Secretary Bessent says Biden admin. caused 'affordability crisis' that Trump will fix

Treasury Secretary Scott Bessent says the Biden administration caused an "affordability crisis" that the Trump administration is going to solve.

"We've been in for eight weeks," Bessent said during an interview with NBC News over the weekend. "We are putting the policies in place that will make the affordability crisis go down, inflation moderate and as we set out the sails, I am confident that the American people will come our way."

The Labor Department reported last week the prices for goods and services in February increased 0.2%, compared to the previous month, after rising 0.5% from December 2024 to January.

Bessent also seemed to suggest recent polling about American's dissatisfaction with Trump's handling of the economy is "fake news."

According to a recent poll put out by CNN, 56% of Americans currently disapprove of how Trump is handling the economy.

"Our Administration and the American people are focused on the real economy, not fake news polling or 'vibecessions,'" he wrote on the social media platform, X. "After four disastrous years for families and workers, President Trump has the track record and vision to deliver the most vibrant economy and capital markets in world history."