Treasury Secretary Scott Bessent has dismissed the recent surge in US inflation as a temporary anomaly, seeking to reassure the public amid growing discontent regarding the economic implications of the conflict with Iran. Defending the administration’s financial track record, Bessent characterized the price increases as a fleeting issue rather than a structural problem, aiming to quell mounting frustration over the broader economic impact of the ongoing geopolitical tensions.

Source: Financial Times Generated at: 2026-06-03 16:14:39 UTC