Scott Bessent fires back at Bob Elliott’s claim that rates ‘offset’ rent relief, says critics ‘not icing on inflation’

A new analysis by economist Bob Elliott warns that a “sharp increase in rate-related price increases” will keep inflation “stuck above 3%,” effectively wiping out any disinflationary relief consumers received from falling rents. Tariffs fuel ‘price rises’ while putting pressure on household spending In a substack remarkthe CEO of Unlimited Funds argued that this dynamic […]