There’s No Struggle Between Fed and Treasury Right Now
If you listen to the high priests of financial analysis—a group that includes hedge fund managers, Wall Street economists, and even pixel-stained pundits in the financial press—there’s a battle going on for the soul of the bond market .
On one side is Treasury Secretary Scott Bessent, buying back long-term government bonds. On the other is Federal Reserve Chairman Kevin Warsh , who must decide whether to help bring yields down or leave Bessent “in even deeper trouble,” as a newsletter from the Wall Street Journal recently put it.
There is just one problem with this account: Warsh and…
Read the full article at BREITBART.COM
