US Treasury Secretary Bezent's mentor Stanley Drucken Miller said on Thursday that US borrowing costs are still “low,” and that the Federal Reserve officials who think that monetary policy has already had the effect of austerity are “simply ridiculous.” He also warned against the AI bubble, saying that one day this wave of AI construction will come to an end.

US Treasury Secretary Bezent's mentor Stanley Drucken Miller said on Thursday that US borrowing costs are still “low,” and that the Federal Reserve officials who think that monetary policy has already had the effect of austerity are “simply ridiculous.” He also warned against the AI bubble, saying that one day this wave of AI construction will come to an end.