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Scott Bessent Says ‘We Will Own the Economy’ — After Kristen Welker Calls Him Out for Blaming Biden

Welker pressed Bessent as he blamed Biden for inflation, while he cited 1 million private-sector jobs and record household net worth.

  • On Sunday, NBC News host Kristen Welker challenged Treasury Secretary Scott Bessent regarding rising consumer prices, which climbed to 3.7% last month, questioning when the administration would take responsibility.
  • Bessent attributed the economic strain to an "energy shock" and criticized Biden-era policies, claiming former President Joe Biden's tenure caused 21.5% inflation against only about 17% wage increases.
  • Welker pointed out that gas prices have surged 44% since the war with Iran began, while Bessent defended the administration's record by citing 1 million private-sector jobs added this year.
  • The interview sparked social media criticism, with actor Henry Winkler posting that "Biden is LONG out of office." Independent news creator Chris Cillizza noted the administration struggles answering economic responsibility questions.
  • Welker questioned Bessent's assertion that high prices are merely a temporary shock as the administration faces mounting pressure to address voter concerns ahead of the fast-approaching midterms.
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Mediaite broke the news in New York, United States on Sunday, October 18, 2026.
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