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Posted: 2025-04-07 11:53:12 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-07 11:55:26 UTC
Verified By
Rollup News
Treasury Secretary Scott Bessent criticizes NBC's Kristen Welker, stating that real wages increased under Trump's presidency but decreased under Biden's. Bessent supports his argument with data on tariffs, oil prices, interest rates, and real wage trends.
Real wages: Increased under Trump, decreased under Biden.
Tariffs: A 20% tariff on China led to only a 0.7% price increase over four years under Trump.
Economic indicators: Oil prices decreased by almost 15%, and interest rates hit their low for the year.
NBC's interpretation of economic data.
The economic impact on the bottom 50% of households.