Bessent grilled on AI, bond market in tense House hearing: 3 takeaways
- Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields.
- During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market.
- But that did not stop Democrats on the panel from taking him to task on both.
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- Treasury Secretary Scott Bessent faced lawmakers on the House Financial Services Committee on Tuesday, amid concerns over rapidly developing artificial intelligence (AI) and surging bond yields.
- During the nearly three-hour-long hearing, Bessent brushed off concerns about AI and defended his department’s intervention in the bond market.
- But that did not stop Democrats on the panel from taking him to task on both.
Sources: The Hill