Treasury Secretary Scott Bessent just exposed CBS for trying to create a false narrative about President Donald Trump and the U.S. economy. 

According to the Daily Mail, this all happened on live television, when Bessent appeared on CBS for an interview.

Take a look at this:

NEW: Treasury Secretary Scott Bessent strikes down CBS News’ Margaret Brennan by reminding her about her own previous comments about inflation.

Another rough weekend for Margaret.

Brennan: “The reality is there will either be less inventory or things at higher prices or both.”… pic.twitter.com/eONA9xNqxT

— Collin Rugg (@CollinRugg) June 1, 2025

"There hasn't been any inflation"

During the interview, anchor Margaret Brennan tried to get Bessent with a "gotcha" type of question about the economy. She cited sources claiming that Trump's use of tariffs is going to cause inflation.

Bessent, though, was having none of it.

He replied:

Margaret, when we were here in March, you said there was going to be big inflation. There hasn’t been any inflation.

Bessent, though, did not stop there. He went on to explain how Trump has completely turned around the inflation situation, significantly lowering it from where it was under the Biden administration.

The secretary said:

Actually, the inflation numbers are the best in four years. So why don’t we stop trying to say this could happen, and wait and see what does happen.

A closer look

The New York Post backs up Bessent's claim with the numbers.

Per the outlet:

Last month, prices for consumers rose 2.3% over the year in April, down from 2.4% in March, marking the slowest year-over-year increase in over four years, according to the Labor Department’s consumer price index. Notably, April is the month when Trump announced, then paused, much of his planned “Liberation Day” tariffs. Many economists believe that the US still hasn’t yet felt the full impact of those tariffs.

The Daily Mail helps to explain why this is the case.

The outlet writes:

Citing a South China Morning Post report, Bessent told how Chinese suppliers are now eating up to 66% of the tariff burden, blunting the effect on US consumers. 'What we are trying to do is to de-risk,' he explained. 'We do not want to decouple, Margaret, but we do need to de-risk.' His remarks reflect a broader shift in the Trump administration's trade policy - an effort to reduce reliance on China for critical industries like semiconductors and pharmaceuticals.

It appears that the likes of CBS will just never learn its lesson.