Michael Faulkender commented on the views of Bessent. Faulkender stated that Bessent wanted to emphasize the importance of the balance sheet in relation to inflation.
This information is attributed to Michael Faulkender, who shared his understanding of Bessent's perspective. The context of this statement is not provided, but it suggests that Bessent considers the balance sheet to be a significant factor in inflation.
Further details about Bessent's views and the context of Faulkender's comment are available from the source, CNBC.