Treasury Secretary Scott Bescent said on Sunday that he would appoint a “affordable emperor” to tackle the height prices that will affect consumers by “facing the people” of CBS.
Partial transcripts as follows:
Margaret Brennan: I hear that data is sometimes lagging behind in reality, but when we talk about people's perceptions of the economy, that's what they feel right now, and in our polls, 52% of Americans say Trump's policies are raising grocery prices. They explicitly said on this bar chart that you can see there. So it's a matter of experience and perception. When will it shift? When you see the benefits of a plan that says you are ongoing?
Bessent: Look, I think President Trump said he'll own the economy in six or 12 months, but I can say we're working to lower these prices every day, but it took us four years to get here. This is a very good start to the affordable, automatic affordability of homes and we are working on this. The Ministry of Finance appoints an affordable emperor. We have an affordable council. We focus on this –
Brennan: What does that mean? What is an affordable czar?
Bessent: Those who choose five or eight areas where this administration can make a big difference for working-class Americans.
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