Bloomberg Surveillance Bloomberg Surveillance TV: February 20, 2025
Feb 20, 2025
Scott Bessent, former US Treasury Secretary under Trump, lends his finance-savvy insights into Treasury issues and DOGE's surprising role in fiscal policy. Gennadiy Goldberg shares thoughts on the shifting landscape of interest rates post-Fed Minutes. Claudia Sahm discusses the current labor market, analyzing jobless claims and what they mean for future economic trends. Together, they navigate the complexities of leadership in both business and government while addressing bond market fluctuations in today's uncertain economic climate.
AI Snips
Chapters
Transcript
Episode notes
Unique Perspective
- Scott Bessent's unique experience, from Little River, South Carolina, to the Treasury, informs his approach.
- He now understands policy-making from both outside and inside perspectives, considering market reactions and economic implications.
Treasury Issuance Strategy
- Secretary Yellen's Treasury issuance strategy, initially criticized by Bessent, is being maintained.
- Bessent believes it will prove effective as President Trump's disinflationary policies take hold.
Disinflationary Policies
- President Trump's policies aim to be disinflationary by reducing energy costs and regulation.
- Doge's cost-cutting and permanent tax cuts are expected to increase revenue and decrease costs.