Bessent On Bonds; Warsh On Inflation
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The U.S. Treasury Secretary avoided a new tantrum of bonds with debt repurchases and the threat of using his billion in cash. Warsh, for his part, regained his hawk image at Jackson Hole, but left open the doubt about a fee hike in September.
After only a few months in office, the president of the US Federal Reserve has left market participants disoriented and confused. His first speech at the annual monetary policy symposium in Jackson Hole represents an opportunity to correct the course or further worsen the situation.
Bessent On Bonds; Warsh On Inflation
Bessent On Bonds; Warsh On Inflation Inflation starts with the Federal Reserve. Since its inception in 1913, the Fed has debased the currency by continually expanding the supply of money and credit. If the Fed were serious about “fighting inflation”, then STOP INFLATING. Kelsey Williams Sun, 08/30/2026
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