Treasury Secretary Scott Bessent will create an “affordability czar.” The “affordability czar” will address high prices in the U.S. — a continuing concern for Americans which Bessent says he is “laser focused on.”
Bessent described the new role at the Treasury Department as “someone who picks the five or eight areas where this administration can make a big difference for working class Americans.” He also previewed the creation of an “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, but it took four years to get us here, and we’ve had five weeks so interest rates are down,” Bessent said Sunday on “Face the Nation with Margaret Brennan.”
“That’s a very good start toward housing affordability, toward auto affordability, and we are tackling this.”
U.S. consumer confidence plummeted in February a business research group said Tuesday, with inflation seemingly stuck and a trade war under President Trump seen by a growing number of Americans as inevitable.
“The Conference Board survey is the 3rd data point in less than a week (after Fri’s flash PMIs and Michigan sentiment report) making it abundantly clear that Trump-linked policy uncertainty is eroding confidence and tipping the economy (at least) into a slowdown (if not something worse),” said Adam Crisafulli, president of investment advisory firm Vital Knowledge, in a note.
It’s been a little over a month and the media, that cared nothing about inflation for most of four years now wants it straightened out immediately.
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Thrifty Czar!!! Bargain Czar!!! Cheap A$$ Czar!!! Frugle Czar!!! Pennywise Czar!!! Bluelight Special Czar?
Waiting for prices to go down on day 1…
If they do not limit corporate monopolies strangling the food supply they will never achieve anything.
The entire Inflation problem is due to Price Gouging by Corporate Monopolies. All major food products are copying oneanother and raising prices claiming falsehoods to Justify Prices. There are 4 egg companies control the entire US Egg Market. They have Increased Profits and Revenue over 100-percent, or better, YOY. They Increased Dividends. They continue to Consolidate! So … they are not impacted in anyway, shape or form by Bird Flu. Besides, Government pays them for every Hen they kill. So .. They
re subsidized by government for thier loss, why are they raising prices on 100-percent revenue growth? Corporate Greed must be Fought or youll all be Homeless.Absurd pricing of used Cars, due to Corporate Strangulation of the Supply. We buy any Car! Who can Do that, Really? Then OBAMA destroyed Millions of Cars in his cash for clunkers SCAM on the PEOPLE. This was all to make you pay new car prices for used cars by destroying supply. They do not want you to have a Car, America. However, they will have dozens of cars!
The decimation of the ‘food supply’ chain in the last four yeas was ‘obvious’….even had lanes flying into farm buildings – shades of 9/11 – it was obscene…
True.
The Evil is Incredible and has caused me to question my faith in God. I saw entire farmlands burned and animals killed by the million; because wall street could not sell product at maximum prices during covid. MY EYES WERE ON FIRE THE PROFANITY WAS SO DREADFUL! So, they BURNED CROP and MURDERED FLOCKS to Create Fake Shortages and Manipulate Prices Higher! Hundreds-of- Millions of Chickens Killed over a Bird Flu! I guess the idiots never heard of Quarantine! And, so I am forced to watch this profane disply and rape of Creation so some idiot can make another BILLION for themsleves!
It is not like GOVERNMENT did not compensate these fools for lost Crop. THEY GOT PAID TO WASTE CROP! No, it was not enough, they wanted to MURDER THE POOR; ( BY RAISING PRICES) because they cannot MURDER GOD. THEY CANNOT STARVE GOD. SO, they Starve his POOR! That is what is behind this Insanity whether the idiots know it or NOT! There are no Atheists only Satanists pretending they do not believe.
And, they are doing the same in the Car Market. Cash for Clunkers was a Government program to help corporate satanists destroy Inventory so they could HIKE PRICES UP and make sure nobody has a CAR except them! That`s why they buy any Car. What Idiot would do that, really? You check out a Car least it have a Bad Transaxle and You buy the Farm. There is no Capitalism here it is all Government helping Corporations to Destroy People.
IT MUST END.