September 15, 2026

Treasury Secretary Scott Bessent Addresses Economic Data During Congressional Testimony

Bessent celebrated new Census Bureau data showing a 2.6% rise in real median household income and a decline in poverty to 10.2%.
He faced criticism from Democrats regarding high gas prices and interest rates, with the average mortgage rate surpassing 7%.
The Federal Reserve is considering raising interest rates to combat inflation, which remains a concern for economic stability.

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