AT&T CEO & Treasury Secretary Discuss AI, Economy, and Internet Infrastructure

Treasury Secretary's Economic Outlook

• 💡 Treasury Secretary Scott Bessent announced a new whistleblower program to incentivize tips on fraud, money laundering, and sanctions violations, offering rewards of 10-30% of levied fines.
• 🎯 The program specifically targets waste, fraud, and abuse in government programs, citing examples like daycare centers without children and public transport companies without vehicles.
• 📈 Bessent highlighted strong US job growth, particularly in the private sector, and a reduction in government jobs, attributing this to President Trump's plan to reprivatize the economy.
• 📊 He predicted that inflation could return to the Fed's 2% target by mid-year, arguing that growth itself is not inflationary, but rather the Biden administration's demand shock combined with constrained supply.

Government Policy & Regulation

• 🏛️ The Senate will proceed with Kevin Warsh's Fed confirmation hearing despite Senator Tillis's hold, with Bessent suggesting the Fed's building project was