U.S. Treasury Secretary Scott Bessent made a series of comments in a Fox Business Network interview covering Iran, China, AI, and the U.S. economy. In reverse chronological order, his key remarks were:
- saved $100 million from stopping payments to deceased people. Thank they can save 350 million this year from payments overall
- US rose $130 million in a crypto while tied to the Iran’s IRGC
- On Iran, China, have seen a substantial increase in purchases of arranging oil.
- On AI says that we are finding US watermarks on Chinese models.
- Starting to see the emergence of US open source models on AI
- On Ai, says that we are creating competitors.
- On the economy says 3% growth is not unreasonable.
- On the Canada trade, says this is just repriprocity
- On US government funding says that we don’t need another shutdown.
Speaking on FOXBusiness network, Treasury Secretary Bessent is speaking on a number of different topics. There is nothing unusual in what he is saying.
This article was written by Greg Michalowski at investinglive.com.