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Bessent on Fed Rate Cuts, Nvidia Chips in China, Trump's Summit With Putin
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August 13, 2025
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24:58Now Playing
3:11US 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."
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