Economic TimesLean R·
US Stock Market: Bessent-Warsh divide deepens over US interest rates and Treasury market strategy
Treasury Secretary Scott Bessent and Fed Chair Kevin Warsh are taking different approaches to US interest rates and the Treasury market. While Bessent is pushing greater use of debt-management tools to support longer-term bonds, Warsh favours conventional rate policy and less intervention, as fiscal deficits continue to pressure Treasury yields.
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