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flag Treasury Secretary Bessent says tariffs will cause a one-time price bump, not ongoing inflation.

flag Treasury Secretary Scott Bessent addressed concerns about tariffs causing inflation, stating that they will lead to only a one-time price adjustment and not ongoing inflation. flag He defended the Trump administration's economic policies, which aim to benefit American citizens by restructuring international trade. flag Despite Bessent's reassurances, some economists still worry that tariffs could push prices higher, complicating the Federal Reserve's efforts to keep inflation around 2%.

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