A post by @DeItaone on X.

Treasury Secretary Scott Bessent said the Federal Reserve should recognize the current inflation pressure as an energy supply shock, according to a post from Walter Bloomberg's @DeItaone account. The remark frames the price surge as driven by constrained energy supply rather than excess demand, a distinction that carries weight for how monetary policy should respond. It matters because Fed officials must decide whether to treat energy-led inflation as transient or persistent when setting rates. Investors will watch upcoming Fed commentary and energy price data for signs of how the central bank interprets the shock.