US Treasury Sec. Bessent: We don't get a recursive Biden-flation

In an interview with Breitbart News Network on Friday, US Treasury Secretary Scott Bessent said, "we don't get a recursive Biden-flation,” per Reuters.

Further comments

We're very vigilant about inflation, it could happen again.

Before we can bring down inflation, we also want to help affordability.

As we bring down inflation, we want to bring the absolute price level down through deregulation and bringing down interest rates for house payments and car payments.

Market reaction

At the press time, the US Dollar Index (DXY) is trading 0.14% higher on the day to near 104.00.