Key takeaways
- Jensen Huang resigned as Nvidia CEO days after admitting to an affair following scrutiny of his relationship with a woman reportedly deemed a Chinese spy.
- Asked if he was frustrated with the potential export control delays, Bessent said, "I am frustrated when President Trump made it very clear that China should not receive any Nvidia chips above H100s."
- In December, Trump said Nvidia could sell its powerful H200 chips to approved Chinese customers, provided the U.S. gets a percentage of the sales.
As the final meeting of the Federal Open Market Committee looms on Dec. 8, inflation has reemerged as the Fed's bugbear. Inflation has run above the Fed's 2% target for more than five years, and Fed officials are sounding the alarm.
