Sunday Talks ā Treasury Secretary Bessent: āZelenskyy Needs to be Very Careful About Making Statements That are Not Trueāā¦
October 18, 2026 | sundance |
Secretary of Treasury Scott Bessent appears on NBCās Meet the Press to discuss the current status of the economy and ongoing geopolitical events. Within the interview [Video and Transcript Below] Secretary Bessent notes that Ukraine President Volodymyr Zelenskyy, who is coordinating closely with both British King Charles and Canadian Prime Minister Mark Carney, needs to be very careful about the malicious lies he is speaking to U.S. audiences. WATCH:
[Transcript] ā KRISTEN WELKER: Welcome back. Joining me now is Treasury Secretary Scott Bessent. Secretary Bessent, welcome back to Meet the Press.
SECRETARY SCOTT BESSENT: Kristen, good to be with you.
KRISTEN WELKER: Itās great to have you back. Letās start on inflation, these new inflation numbers we got this week. Consumer prices rose in September at the fastest pace in five months, to 3.7%. Are the presidentās policies driving up inflation?
SECRETARY SCOTT BESSENT: Kristen, we have an energy shock. And if you look underneath the hood in the numbers, core inflation has been very flat before this month, and itād been down for four months in a row. So core inflation is down. The food is below the Fedās targets. The prescription drugs have had the biggest decrease in history. Rents are down. So this is an energy shock. We will get to the other side of the Iran conflict, and those prices will come down.
KRISTEN WELKER: Well, core inflation doesnāt take energy, for example, into account or food into account. And in fact the price of gas is up 44%, Mr. Secretary, since the start of the war with Iran. What do you say to voters right now who say they are struggling and they want change?
SECRETARY SCOTT BESSENT: Well, why donāt we revisit the Biden-era policies where the American people got smoked? 21.5% inflation and only about 17% wage increases. Since President Trump has started, the American people have gotten real wage increases, 1.5%. Weāre not satisfied with that. But as I said, you know, weāre getting these wage increases through our economic policies. And the wage increases are going to be persistent. We will get to the other side of the Iran conflict, and I believe that the energy markets are going to be better supplied than they were.
KRISTEN WELKER:
I hear you blaming President Biden, but President Trump has been in office now for 636 days. Thatās about a year and a half, and inflation was at 3% when he took office. Itās 3.7% now. At what point does the administration take responsibility for the economy and say this is the Trump economy?
SECRETARY SCOTT BESSENT:
Well, we will own the economy. So far this year, weāve got a million private-sector jobs. Weāve never had this many people working in the U.S. The net worth of American households are the highest that itās ever been. So, Kristen, letās be clear here. This is an energy supply side shock. We will get to the other side of this. This is one factor.
KRISTEN WELKER:
Even President Trump has said this is his economy. Let me ask you, though. You are the Treasury Secretary. Do you anticipate gas prices will come down by the new year?
SECRETARY SCOTT BESSENT:
Well, again, it will depend on what happens with the Iran conflict.
KRISTEN WELKER:
Okay, letās talk about the war with Ukraine now. President Trump signed an executive order waiving sanctions against Russia. I just talked about this with President Zelenskyy, who tells me this move is a big support for Putin. Why is the president rewarding a dictator who invaded Ukraine?
SECRETARY SCOTT BESSENT:
President Trump has made it clear he wants the killing to stop. And the so-called Graham bill gives the president the flexibility, gives him 60 days to assess the situation. And, Kristen, letās look at whatās really happening here, that the Europeans have given Russia and Vladimir Putin more money than theyāve given the Ukrainians. They continue to gorge on Russian energy. There is a facility called the Yamal facility. In the first six months of the year, there were 140 cargoes that left. 136 of those went to Europe, to Belgium, to Spain, to France, to the Netherlands. Over $8 billion. So we have asked, in the spring, I asked our European allies to join us in putting secondary tariffs on China, on India. They refused. So why should the U.S. bear the burden? So President Trump, perhaps will be in contact with our European partners. Why should the U.S. go it alone, Kristen?
Scott Bessent says āno one has been tougher on Russian sanctionsā than Trump: Full interview
9:25
(https://youtu.be/mEViCO5vUm0
https://theconservativetreehouse.com/blog/2026/10/18/sunday-talks-treasury-secretary-bessent-zelenskyy-needs-to-be-very-careful-about-making-statements-that-are-not-true/#more-288009