# Bessent Says Core Inflation Remains Under Control, Blames Iran for Energy Shock By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/56697 Published: 2026-11-13T13:29:09.000Z Updated: 2026-11-13T13:29:09.000Z Section: Regulation > He said the United States would continue to pressure Iran and would not hesitate to sanction Iranian banks. He also said excessive rate hikes would be inappropriate as the energy supply shock nears an end. U.S. Treasury Secretary Bessent said Friday that core inflation remains under control, Iran caused an energy shock and excessive rate hikes would be inappropriate as the shock nears an end. Bessent said the United States would continue to pressure Iran and would not hesitate to sanction Iranian banks. The comments echo [Bessent’s earlier remarks on core inflation](), when he said the Federal Reserve Board should remain open-minded. ## Links in this article - [Bessent’s earlier remarks on core inflation](https://www.tokenpost.com/news/regulation/24613)