Bescent: Both Trump and Soros lack patience when engaging in high-risk trades
ChainCatcher news, according to Jinshi Data reports, U.S. Treasury Secretary Becerra spoke at the annual meeting of Allen & Co., known as the "Billionaire Summer Camp." The host asked Becerra to compare his current "boss" with his predecessor. Becerra stated that U.S. President Trump shares a common personality trait with his former boss, financial mogul Soros: both lack patience when engaging in high-risk trades.According to attendees, Becerra mentioned that Trump and Soros are similar in personality, demands, and impatience. When formulating tariff announcements, he advised Trump to be patient. Insiders said that Becerra believes Trump has a unique ability to identify problems and find solutions, but sometimes lacks patience in implementation.In response to audience questions, Becerra downplayed the impact of tariffs on inflation and predicted two interest rate cuts this year, adding that long-term borrowing costs may remain consistent with pre-pandemic levels.