Treasury Secretary Scott Bessent shut down Rep. Maxine Waters (D-CA) during a House Financial Services Committee hearing this week as she tried to claim that housing inflation has worsened under the Trump administration.
During the hearing, Waters repeatedly suggested that home prices and rents are rising under the Trump administration, claiming tariffs are responsible.
In response, Bessent cut into Waters claims and called out the immigration policies of the Biden administration that coincided with record housing inflation. He said:
Housing, especially for working Americans, a Wharton study has shown that the mass unfettered immigration…
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