Bloomberg Television
Bessent on Fed Rate Cuts, Nvidia Chips in China, Trump's Summit With Putin
US Treasury Secretary Scott Bessent says the Federal Reserve's benchmark interest rate should be at least 1.5 percentage points lower than it is now. He also talks about replacing Fed Chair Jerome Powell, possibly reaching a deal with China to let them use Nvidia chips, President Donald Trump's scheduled summit with Russia's Vladimir Putin and Trump's pick to lead the Bureau of Labor Statistics. He speaks on "Bloomberg Surveillance."
00:00:00 Bessent
00:00:45 Bessent on Nvidia, China
00:04:00 Bessent on tariffs
06:45 Bessent on Fed and rate cuts
09:00 Bessent on Fed governors, Powell
11:00 Bessent on replacing Powell
13:00 Bessent on the BLS
16:45 Bessent on bond yields
19:45 Bessent on stock trading by lawmakers
22:30 Bessent on Putin summit
--------
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: https://twitter.com/BloombergTV
Facebook: https://www.facebook.com/BloombergTelevision
Instagram: https://www.instagram.com/bloombergtv/
Connect with Bloomberg Business on:
X: https://twitter.com/business
Facebook: https://www.facebook.com/bloombergbusiness
Instagram: https://www.instagram.com/bloombergbusiness/
TikTok: https://www.tiktok.com/@bloombergbusiness?lang=en
Reddit: https://www.reddit.com/r/bloomberg/
LinkedIn: https://www.linkedin.com/company/bloomberg-news/
More from Bloomberg:
Bloomberg Radio: https://twitter.com/BloombergRadio
Bloomberg Surveillance: https://twitter.com/bsurveillance
Bloomberg Politics: https://twitter.com/bpolitics
Bloomberg Originals: https://twitter.com/bbgoriginals
Watch more on YouTube:
Bloomberg Technology: https://www.youtube.com/@BloombergTech
Bloomberg Originals: https://www.youtube.com/@business
Bloomberg Quicktake: https://www.youtube.com/@BloombergQuicktake
Bloomberg Espanol: https://www.youtube.com/@bloomberg_espanol
Bloomberg Podcasts: https://www.youtube.com/@BloombergPodcasts
Published Aug 13, 2025