Scott Bessent makes a prediction.

Treasury Secretary Scott Bessent predicted on “Face the Nation with Margaret Brennan” that it will be a “strong holiday season” despite some major toy companies noting higher prices due to tariffs and inflation. “The economy has been better than we thought,” Bessent said, adding “we’ve had the 4- 4% GDP growth in a couple of quarters.”

“Face the Nation” is America’s premier Sunday morning public affairs program. The broadcast is one of the longest-running news programs in the history of television, having debuted Nov. 7, 1954, on CBS. Every Sunday, “Face the Nation” moderator and CBS News senior foreign affairs correspondent Margaret Brennan welcomes leaders, newsmakers, and experts to a lively round table discussion of current events and the latest news.