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- 1Market moves pile pressure on Treasury Secretary Bessent●"What a day for # Bessent .🚨Everything is moving against him. - Yen down - Oil up - US yields up - Japanese yields up Th
Commentators say everything is moving against US Treasury Secretary Scott Bessent in a single day: the yen is falling, oil prices are rising, and both US and Japanese government bond yields are climbing. The concern is that worsening inflation in the United States and Japan is pushing yields higher, with the US already seen as heading toward a debt crisis. Some also link the market stress to the Iran conflict, adding geopolitical risk to an already difficult picture for policymakers.
- 2Bessent forecasts economic acceleration as GDP estimates hit 5%●Bessent forecasts economic acceleration as GDP growth estimates hit 5%
Treasury Secretary Scott Bessent says the US economy is set to accelerate, pointing to estimates that gross domestic product growth could reach 5%. The forecast, aired on Fox Business, frames the strong projections as a sign of building economic momentum. Comment is focused on whether such rapid growth figures are realistic and what they would mean for inflation, interest rates and the broader economic outlook.
- 3Bessent warns Iran's economy near collapse within two weeks●Iran’s economy will have ‘nothing’ left ‘within two weeks,’ Scott Bessent warns
US Treasury Secretary Scott Bessent has warned that Iran's economy will have 'nothing' left 'within two weeks,' a stark prediction about the state of the country's finances. The remark, reported by the New York Post, signals intense pressure on Tehran and is drawing attention to how long Iran can sustain its economy under current strain.
- 4Nvidia's Huang calls AI distillation 'competition', split with Bessent●Jensen Huang says AI distillation is 'competition.' Scott Bessent has called it 'theft'
Nvidia CEO Jensen Huang says AI distillation — the practice of training smaller models on the outputs of larger ones — is normal competition. Treasury Secretary Scott Bessent has previously described the same practice as 'theft', echoing claims that companies like DeepSeek built models using American AI outputs without authorisation. The exchange highlights a divide over whether model distillation is legitimate industry practice or misappropriation of US technology.
- 5
US Treasury Secretary Scott Bessent has offered a prediction for when Iran's economy will collapse, commenting publicly on the state of the country's finances. The remarks come amid ongoing pressure on Iran's economy from sanctions and regional tensions. Further details of his reasoning and the timeline he gave were not included in the available coverage.
- 6Treasury Secretary Bessent hires economist David Zervos●Treasury Secretary Scott Bessent hires Wall Street economist David Zervos
US Treasury Secretary Scott Bessent has hired Wall Street economist David Zervos to join the department. Zervos, chief market strategist at Jefferies and a former Federal Reserve and White House staffer, brings market-facing expertise into the Treasury's senior team as the administration's economic policies draw close scrutiny from investors.