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Bessent says US may see more 'hot' inflation numbers, but disinflation will resume

BY Reuters | ECONOMIC | 06:40 AM EDT

WASHINGTON, May 14 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Thursday that the U.S. may see one or two "hot" inflation data readings before disinflation resumes, and new Federal Reserve Chair Kevin Warsh will keep an open mind about inflation as energy prices subside.

Bessent told CNBC in a prerecorded interview from Beijing that oil markets are already anticipating lower prices in a few months and a reopening of the Strait of Hormuz.

He said Warsh, who was confirmed by the U.S. Senate on Wednesday, "is going to be in a very good position, because we may get a series of one, two, more hot inflation numbers, but then I think we're going to see substantial disinflation." (Reporting by David Lawder; Editing by Sharon Singleton)

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