Bessant: AI financing risks are manageable; future Fed rate hikes may not necessarily be a policy mistake.

U.S. Treasury Secretary Bessant stated that new cloud service providers have a limited share of the AI industry, and financing risks do not currently pose a significant problem, with companies like Meta already raising funds through stock issuance. Bessant believes that future interest rate hikes by the Federal Reserve may not necessarily be a policy mistake, and the impact of energy shocks on inflation should be assessed. Bessant anticipates that global oil supplies will become more abundant after the end of the U.S.-Iran conflict, which would help alleviate inflation and lower borrowing costs.