US EditionTreasury 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.
20 Articles
20 Articles
“Affordability Czar” Nothing More Than a PR Stunt, Says Groundwork’s Alex Jacquez
Yesterday, Treasury Secretary Scott Bessent said in an interview that the Trump Administration would designate an “affordability czar” to address high prices. The announcement comes as Americans sour on Trump’s economy, with consumer sentiment nosediving and inflation expectations rising. Americans consistently list inflation as a top priority, but already think Trump is not focused on it and handling it poorly. Groundwork Collaborative Chief of…
Voters Still View Trump Favorably, But Remain Worried About Economy, Inflation: I&I/TIPP Poll
Five weeks into his second term as president, and Donald Trump still holds the approval of the American voting-age public. But, not surprisingly, sharp differences emerge when looking at party affiliation, with Republicans more likely to give the new chief executive high approval marks than either Democrats or independents, the latest I&I/TIPP Poll shows. The national online poll was taken by a sample of 1,434 adults from March 26-28 and has a m…
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.
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…
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