财政部长斯科特·贝森特表示，他和他的团队正在密切关注人工智能建设融资的进展，并淡化近期出现的担忧迹象。
Secretary Scott Bessent said he and his team are keeping tabs on the state of financing for the artificial intelligence build-out, and played down recent signs of concern.
“我们一直在关注所有这些情况，”贝森特在周三接受彭博社采访时表示，当被问及一些与人工智能相关的债务收益率开始突破两位数时。 “我认为这完全没有问题，因为我们看到的是，所谓的'新云'只是整体生态系统中的一个很小组成部分。”所谓“新云”就是出租人工智能基础设施的服务。一家主要的AI计算提供商CoreWeave Inc.正日益受到对其繁荣期韧性的担忧以及为其融资借入数百亿美元资金的关注。
“We monitor all of this,” Bessent said in a CNBC interview Wednesday when asked about yields on some AI-related debt starting to pop up into double digits. “I don’t think it’s problematic at all because we’re seeing that the neoclouds are a small component of the overall ecosystem.”So-called neoclouds rent out AI infrastructure. One major AI computing provider, CoreWeave Inc., has found itself at the center of intensifying concerns over the resilience of the boom and the hundreds of billions of dollars being borrowed to finance it.
“我们仍然看到融资正在推进——我们仍然看到交易正在完成，”贝森特表示。“我们还看到像Meta这样的公司决定用股权来融资。” 在美联储最新利率决议公布后不久，贝森特再次重申了他和总统唐纳德·特朗普对央行主席凯文·沃什的信心。美联储在9月加息后按兵不动。
“We’re still seeing the financing getting done — we’re still seeing the deals get done,” Bessent said. “And we’re also seeing companies like Meta decide to finance with equity.”Speaking shortly after the Federal Reserve’s latest interest-rate decision, Bessent also reiterated his and President Donald Trump’s confidence in central bank Chairman Kevin Warsh. The Fed stood pat on Wednesday after lifting its key rate in September.
被问及是否会将任何未来的美联储加息视为政策失误时，贝森特表示“那不一定”。他强调了强劲的经济增长。他还重申了呼吁政策制定者在应对能源冲击对美国通胀的影响时保持“开放心态”，认为该影响是“暂时性”的。美国国债收益率已从近两年来的最高水平中回落，尽管基准10年期利率仍高于5%。贝森特似乎将收益率水平与美联储在2024年总统选举前降息的决定联系起来，从50个基点开始降息。
Asked whether he’d view any future Fed rate increase as a policy mistake, Bessent said “that’s not necessarily so.”He cited strong economic growth. He also reiterated his call for policymakers to have an “open mind” in terms of the energy shock to US inflation proving “transitory.”Yields on US debt have retreated from their highest levels in more than two decades in recent weeks, though benchmark 10-year rates remain above 5%. Bessent appeared to connect yield levels with the Fed’s decision before the 2024 presidential election to lower rates, starting with a 50 basis point move.
“10年期收益率此后再未回头，”贝森特说。“我一直对债券市场怀有极大的敬意，正如沃什主席在7月决策时所说，债券市场已经为我们完成了大量紧缩。”许多市场参与者表示，人工智能融资热潮加剧了美国国债面临的压力。人工智能公司已向公司债市场大量发债，合计规模达数万亿美元，以为该行业的增长提供资金。
“The 10-year yield never looked back,” Bessent said. “I always had great respect for the bond market, and as Chair Warsh said in the July decision, the bond market has done a lot of tightening for us.”Many market participants have said the AI financing boom has added to strains on Treasuries. AI companies have flooded corporate debt markets with a combined trillions of dollars of issuance to finance the growth of the industry.
贝森特还重申，他和特朗普都认为，一旦美国“走出”伊朗冲突的“另一侧”，石油市场将供应充足。他主张，这将有助于缓解通胀并降低借贷成本。
Bessent also reiterated that both he and Trump believe that once the US gets “on the other side” of the Iran conflict, the oil market will be well supplied. He’s argued that that will help alleviate inflation and bring down borrowing costs.