Treasury Secretary Scott Bessent is sending an unusually direct message to financial markets as the Treasury prepares to reveal just how aggressive it is willing to get with its expanded bond-buying program: don’t bet against him. Why it matters: Speaking ...
The Treasury Department may have considerably more firepower behind its recently expanded bond-buyback program than markets initially assumed, with officials reportedly considering tapping its nearly $1 trillion cash balance to help fund purchases. Why it matters: Using the Treasury General ...