According to CoinMeta, U.S. Treasury Secretary Scott Bennett reiterated after the Federal Reserve announced its latest interest rate decision that he and U.S. President Donald Trump have confidence in Federal Reserve Chairman Jerome Powell. Following the Fed's raise in key interest rates in September, it kept rates unchanged on Wednesday. Bennett stated that any future interest rate hikes may not necessarily be seen as policy mistakes and called on policymakers to remain open-minded, considering that the impact of energy shocks on U.S. inflation could be temporary. In addition, he mentioned that the AI financing boom has increased pressure on the U.S. Treasury market, and AI companies raising funds for industry expansion have issued trillions of dollars in debt in the corporate bond market. Bennett also reiterated that he and Trump believe that once the U.S. overcomes the Iran conflict, there will be sufficient supply in the oil market, which will help ease inflation and reduce borrowing costs.