Bescent: Neither Trump nor Soros has the patience to make high-risk deals
2025-07-10 23:31:08
On July 11, U.S. Treasury Secretary Bescent addressed the annual conference of Allen & Co., known as the "Billionaires' Summer Camp". The host asked Bescent to compare his current "boss" with his former boss. Bescent said that U.S. President Trump shares a character trait with his former boss, financial tycoon Soros: they are both impatient when it comes to engaging in high-risk transactions. According to those present, Bescent said that Trump and Soros are similar in terms of character, demands, and impatience. When formulating the tariff announcement, he advised Trump to be patient. Bescent believes Trump has a unique ability to spot problems and find solutions, but he can be impatient at times when it comes to implementation, people familiar with the matter said. Responding to questions from the audience, Bescent played down the impact of tariffs on inflation, < b > and predicted two rate cuts this year , adding that long-term borrowing costs are likely to be in line with pre-epidemic levels.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
