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Bessent: Trump and Soros Lack Patience in High-Risk Trading, According to Reports

Summary: During the annual Allen & Co. conference known as the 'billionaire summer camp,' US Treasury Secretary Bessent compared President Trump and former boss Soros, noting their shared impatience in high-risk trading. Bessent advised Trump to be patient when making tariff announcements, highlighting similarities in character and impatience between Trump and Soros. Bessent downplayed the impact ...

During the annual Allen & Co. conference known as the 'billionaire summer camp,' US Treasury Secretary Bessent compared President Trump and former boss Soros, noting their shared impatience in high-risk trading. Bessent advised Trump to be patient when making tariff announcements, highlighting similarities in character and impatience between Trump and Soros. Bessent downplayed the impact of tariffs on inflation and predicted two interest rate cuts this year, suggesting long-term borrowing costs may remain consistent with pre-pandemic levels.

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