Bessent Becomes Most Interventionist Treasury Chief in Decades
Bessent has emerged as the most interventionist Treasury chief in decades, actively shaping economic policy. This marks a significant shift in the approach of the Treasury department.
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Bessent becomes most interventionist Treasury chief in decades
Expanded bond buybacks and yen purchases mark an unusually activist approach, but widening deficits could limit its effectiveness
By Christopher Anstey, Jorgelina do Rosario, Michael Mackenzie, Greg Ritchie, Bloomberg
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With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades — putting his credibility on the line in an effort to quell a potentially damaging rise in US borrowing costs.
By Christopher Anstey, Jorgelina do Rosario, Michael MacKenzie, Greg Ritchie
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