Trump says he did not direct Bessent to intervene in bond market
4 Articles
4 Articles
When questioned, on Friday (21), about whether he had asked directly for the Treasury Secretary, Scott Bessent, to intervene in the interest market, US President Donald Trump said that Bessen "is a very capable man." "He wanted to do this. He is very good at it," he said. This week, Trump again publicly claimed high interest in the US and, on the same day, Bessen announced that he would increase buybacks of long bonds. The American Treasury clai…
Trump says he did not direct Bessent to intervene in bond market
By Kanishka Singh WASHINGTON, Aug 21 (Reuters) - U.S. President Donald Trump said on Friday he did not direct Treasury Secretary Scott Bessent to intervene in the bond market this week and that the Treasury chief acted on his own authority based on h...
Trump says Bessent acted independently to support bond market
Trump's denial highlights the challenges of managing economic perceptions amid rising debt and interest rates, impacting fiscal policy credibility. The post Trump says Bessent acted independently to support bond market appeared first on Crypto Briefing.
Chief of the U.S. Treasury stated that the government could further increase its securities buybacks from the Treasury after the surprise announcement that it would spend twice the expected value on securities buybacks
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