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Experts say U.S. Treasury Secretary Scott Bessent (Bessent)'s intervention in the Treasury market to lower government borrowing costs undermined the credibility of Federal Reserve Chair Kevin Warsh (Warsh) in setting interest rate policy.
svmuu.com21/08/2026 16:27
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This week, U.S. Treasury Secretary Scott Bessent took the unexpected step of intervening in the Treasury market to lower the cost of government debt. Experts note that this move undermines the credibility of the Federal Reserve Chair Kevin Warsh in setting interest rate policy.
Source：MarketWatch · Source Link
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