[Bessent said that AI financing is still advancing and the Fed is not necessarily wrong to raise interest rates amid strong growth] On October 29, U.S. Treasury Secretary Scott Bessent said that he and his team are paying close attention to the financing situation of AI infrastructure construction and downplaying recent signs of concern. "We will monitor all of these situations," Bessant told CNBC on Wednesday. When asked about the yields on some AI-related debt starting to rise to double digits, he said: "I don't think this is a problem at all, because we see that new cloud service providers only account for a small part of the entire ecosystem." The so-called new cloud service providers mainly rent out AI infrastructure. There are growing concerns about the resilience of the AI ​​boom and the hundreds of billions of dollars that have been borrowed to support it. “We’re still seeing financings getting done and deals still getting done,” Bessant said. "We are also seeing companies like Meta decide to raise capital through equity." Bessant spoke shortly after the Federal Reserve announced its latest interest rate decision. He also reiterated that he and U.S. President Donald Trump have confidence in Federal Reserve Chairman Kevin Warsh. Asked whether he would consider any future rate hike by the Fed to be a policy mistake, Bessant said, "Not necessarily." He cited strong economic growth and reiterated his call for policymakers to keep an "open mind" and consider that the impact of energy shocks on U.S. inflation may only be "transitory."