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Treasury Secretary Scott Bessent announces creation of an "affordability czar"

Treasury Secretary Scott Bessent announced on March 2, 2025, the creation of an "affordability czar" to tackle high prices in the U.S., emphasizing that he is "laser focused on" this issue.
A CBS News poll revealed that 49% of Americans disapprove of President Trump's management of the economy, with 52% linking his policies to rising grocery prices.
Bessent attributed inflation perceptions to past government overregulation, asserting that current deregulation efforts will benefit consumers soon.
He noted, "It took four years to get us here," emphasizing that efforts are underway to lower prices and improve affordability.

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NewsBusters

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Political Wire

Treasury Secretary Says Inflation Will Fall Quickly

Treasury Secretary Scott Bessent predicted on CBS News that inflation would fall to the Fed’s 2% target “very quickly.” However, Bloomberg reports two new polls suggest Americans want to see President Trump do more to address inflation.

20 hours ago·New York, United States

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Washington Examiner

Bessent reveals creation of ‘affordability czar’ to tackle high prices

Treasury Secretary Scott Bessent on Sunday announced the creation of a new “affordability czar” and a separate “affordability council” to address high consumer prices. Speaking on CBS News’s Face the Nation, Bessent described the affordability czar as “someone who picks the five or eight areas where this administration can make a big difference for working-class Americans.” The Treasury secretary did not go into specifics on the new affordabilit…

1 day ago·Washington, United States

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Just the News

Treasury secretary says he'll 'appoint an affordability czar,' create 'affordability council'

"I think President Trump said that he'll own the economy in six or 12 months. But I can tell you that we are working to get these prices down every day," Bessent says

1 day ago·Washington, United States

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