Bessent - See! Tariffs didn't cause inflation! .....tariffs caused inflation

[underpants]

BREAKING: Treasury Secretary SCOTT BESSENT says after today's inflation report, "One thing that Wall Street, economists got wrong early on was that tariffs were going to cause a substantial price level rise, which just hasn't HAPPENED!"

Link to tweet

?s=46&t=3VBm1LJ8j8qLp6JTs_8J2A

The tariff-driven inflation that economists feared begins to emerge
https://apnews.com/article/inflation-trump-fed-powell-prices-8842d6ebca9d1870983e678e578d2091


U.S. Inflation Accelerated in June as Trump’s Tariffs Pushed Up Prices
https://www.nytimes.com/2025/07/15/business/cpi-report-inflation-june.html

Inflation heats up in June as President Trump's tariffs start to bite
https://www.npr.org/2025/07/15/nx-s1-5468293/inflation-cpi-consumer-prices-tariffs