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US Treasury Secretary Bessent on Debt, DOGE, Dollar, and Musk

US Treasury Secretary Scott Bessent says, “everything that President Trump’s administration is doing will be disinflationary,” as he discusses attacks on Elon Musk’s Department of Government Efficiency, tariff policies on Europe and China, the US approach to ending the war in Ukraine, and his views on Elon Musk. He speaks in a wide-ranging interview on “Bloomberg Surveillance.” 00:00 - Bessent recounts his path to the US Treasury 01:19 - US “Long Way Off” from boosting longer-term debt sales 03:43 - Bessent says tariffs should not hold back the Federal Reserve from cutting interest rates 05:48 - Bessent on underlying conditions impacting 10-year yields, regulation’s “massive contribution” to inflation 07:47 - Unfortunate that DOGE is being lampooned and attacked 09:57 - Bessent says revaluing gold reserve “not what I had in mind” 11:00 - There may be more fraud in Washington, DC than we thought 12:15 - Bessent on potential for defense budget cuts 13:14 - Tariff policies on Europe and China 15:13 – “Make no mistake, the US still has a strong dollar policy,” says Scott Bessent 18:07 – China needs to rebalance to a consumption economy 19:53 – Reviewing US sanctions policy 21:03 – Bessent says a lot of Vladimir Zelenskiy’s comments in Munich were “inappropriate” 23:15 – “Ultimate goal” is for Europeans to provide their share of NATO spending 25:04 – Trump is committed to ending war in Ukraine “very quickly” 26:11 – Scott Bessent’s thoughts on Elon Musk 27:24 – “There are many fine public servants” 28:56 – Bessent feels he has “best position in DC” -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X:   / bloombergtv   Facebook:   / bloombergtelevision   Instagram:   / bloombergtv   Connect with Bloomberg Business on: X:   / business   Facebook:   / bloombergbusiness   Instagram:   / bloombergbusiness   TikTok: https://www.tiktok.com/@bloombergbusi... Reddit:   / bloomberg   LinkedIn:   / bloomberg-news   More from Bloomberg: Bloomberg Radio:   / bloombergradio   Bloomberg Surveillance:   / bsurveillance   Bloomberg Politics:   / bpolitics   Bloomberg Originals:   / bbgoriginals   Watch more on YouTube: Bloomberg Technology:    / @bloombergtechnology   Bloomberg Originals:    / @business   Bloomberg Quicktake:    / @bloombergquicktake   Bloomberg Espanol:    / @bloomberg_espanol   Bloomberg Podcasts:    / @bloombergpodcasts  

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