Watch CNBC's full interview with Treasury Secretary Scott Bessent

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U.S. Treasury 8.0
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Scott Bessent 7.0

Watch CNBC's full interview with Treasury Secretary Scott Bessent

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I think we are just seeing the beginning of it... AI implementation is going to start biting in productivity next year... very good chance we see a productivity miracle like in the 90s internet boom. Investment boom driven by pent up demand, favorable policies, AI advances, bank lending capacity, is expected to drive economic and market growth medium term.

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10/15/2025 4:07:08 PM	short term cautious down	5 days later	+1.91%	-0.95%

It feels like every day we either get an Oval Office announcement from a CEO or some massive AI deal. Is this boom that we're seeing sustainable?

Sara Eisen
Scott Bessent

I think we're just seeing the beginning of it. Because of pent up demand and pro-business policies from President Trump, such as tax certainty and regulatory certainty, there's an investment boom. The AI investment especially is just in the early innings and likely to lead to substantial productivity gains similar to the 1990s internet boom. Bank lending capacity has also expanded, which can fuel further CapEx. Overall, this is likely to be an upswing for the economy and markets.
Are we in a bubble with AI related spending?

Sara Eisen
Scott Bessent

No, I think we're in the third inning of this investment. It's taking off with strong latent demand and likely to produce productivity miracles akin to the 90s.

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