Treasury Secretary Scott Bessent(@SecScottBessent):A San Francisco Federal Reserve paper recently found that the influx of unauthorized immigrants under the radical left accounted for 20% of rent growth during the 2021-2024 Bidenflation surge. By contrast, President Trump’s immigration enforcement policies are producing the opposite effect. State-level data show a strong association between increased immigration enforcement and more affordable rents. @POTUS will always put American families FIRST.

Treasury Secretary Scott Bessent

@SecScottBessent

79th United States Secretary of the Treasury

Joined February 2025

25 Following 1M Followers

Treasury Secretary Scott Bessent@SecScottBessent

2026.10.30 16:59

A San Francisco Federal Reserve paper recently found that the influx of unauthorized immigrants under the radical left accounted for 20% of rent growth during the 2021-2024 Bidenflation surge. By contrast, President Trump’s immigration enforcement policies are producing the opposite effect. State-level data show a strong association between increased immigration enforcement and more affordable rents. @POTUS will always put American families FIRST.