Bessent Says U.S. Core Inflation Is Well Contained

U.S. Treasury Secretary Bessent said overall prices are falling and core inflation is well contained. According to Sina Finance, he also said the trade situation with Canada has had almost no impact on U.S. prices. Bessent said the Iran conflict and Ukraine's decision to "blow up Russia's energy assets and refined oil facilities" are putting upward pressure on energy prices. He also said Chevron CEO Mike Wirth did an excellent job preserving the company's assets in Venezuela during Maduro's rule, and that the company is now getting through a difficult period and entering a new phase.