💨 Abstract
Treasury Secretary Scott Bessent downplayed inflation risks from Trump's tariffs, describing Walmart's price increase warnings as a "worst-case scenario." He spoke with Walmart CEO Doug McMillon, emphasizing the importance of declining gasoline prices. Bessent dismissed concerns about the U.S. debt downgrade and the impact of Trump's tax plan, asserting that economic growth would outpace debt accumulation.
Courtesy: wtop.com
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