.@SecScottBessent: "The Democrats torched the American people—21.5% inflation during Biden’s term... A study from MIT shows that almost 50% of the inflation came from the out-of-control spending that went on then. We had a price level problem. We are bringing prices down... Core inflation is very tame.”

Treasury Secretary Scott Bessent stated that Democratic policies led to 21.5% inflation during Biden's term, with nearly half attributed to excessive spending. He affirmed efforts to reduce prices and noted that core inflation is now very tame.