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The Donald Trump administration's aggressive expansion of a Treasury bond buyback program has effectively neutralized the Federal Reserve's ability to combat inflation, leaving Chair Kevin Warsh sidelined while inflation-sensitive ******* ets surge.
Economist Peter Schiff is sounding the alarm following the Treasury Department's abrupt announcement on Wednesday. The administration decided to double its liquidity-support buybacks for long-dated bonds, escalating from $2 billion to $4 billion per operation. While the move initially sent the 30-year yield down to 5.19%, it quickly reversed course, climbing as high as 5.27% by Thursday.
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The Donald Trump administration's aggressive expansion of a Treasury bond buyback program has effectively neutralized the Federal Reserve's ability to combat inflation, leaving Chair Kevin Warsh sidelined while inflation-sensitive ******* ets surge.
Economist Peter Schiff is sounding the alarm following the Treasury Department's abrupt announcement on Wednesday. The administration decided to double its liquidity-support buybacks for long-dated bonds, escalating from $2 billion to $4 billion per operation. While the move initially sent the 30-year yield down to 5.19%, it quickly reversed course, climbing as high as 5.27% by Thursday.
Don't Miss:
A single bad hire can set a startup back years. Here are the 5 hires founders most often misjudge — and why
#finance
3 months ago
