Bessent: AI boom highly likely to spur non-inflationary economic growth
Scott Bessent · Winning the AI Race Part 4: Scott Bessent, Howard Lutnick, Chris Wright, and Doug Burgum · Jul 23, 2025 · at 1:36
U.S. Treasury Secretary Scott Bessent discusses how AI-driven productivity gains could lower the federal deficit by accelerating economic growth without triggering inflation.
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“With AI that we can go back to the paradigm When I was younger, in the nineties, Alan Greenspan was able to run the economy very hot in the nineties, and because, you know, it was the IT boom, and we had this very powerful non-inflationary growth, and I think that there, that it's highly likely we could have that now, and so that kind of growth would bring down The deficit very quickly.”
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