Trump 'Inherited This Terrible Affordability Crisis' From Biden, Says Scott Bessent: Says 'Overall' Inflation Has Come Down

Core Viewpoint - U.S. Treasury Secretary Scott Bessent defended the Trump administration's management of inflation and the affordability crisis, attributing it to the previous Biden administration [1][2]. Group 1: Inflation Management - Bessent stated that inflation, gas prices, and rent have been easing recently, which he considers progress for hardworking families [2]. - He emphasized that the latest inflation data showed improvement, with core inflation at 0.2%, the lowest in a long time [3]. - Bessent argued that inflation is a composite number reflecting a broad basket of goods and services, and that the overall inflationary trend is expected to continue easing in the coming months [3]. Group 2: Recent Inflation Data - In September, the headline Consumer Price Index rose 3% year-over-year, slightly above August's 2.9% but below the 3.1% consensus forecast by economists [4].