Treasury Secretary Scott Bessent said he’s confident US consumer price increases will slow over the course of the year after a poll suggested Americans want President Donald Trump to focus more on bringing down inflation.

essent defended Trump’s economic plans on CBS News’ Face the Nation, saying the president is seeking “a holistic approach that there will be tariffs, there will be cuts deregulation, there will be cheaper energy” over time.

He cited falling US home mortgage rates and a drop in yields on 10-year Treasuries — the bond “I am focused on” — as signals that inflation will return to the Federal Reserve’s target rate.

“I would expect that very quickly we will be down to the Fed’s 2% target,” Bessent said. “So I’m expecting inflation to continue dropping over the year.”

Bessent told Bloomberg Television on Friday that he sees the potential for inflation to return to the Fed’s 2% target “quickly.”

The Feb. 26-28 poll of 2,311 people has a margin of error of plus or minus 2.5 percentage points.

Source: FINANCE.YAHOO