Tag: Scott Bessent
Bessent “I am the House” Has Failed
September 24, 2026
Scott Bessent, the US treasury secretary, announced that the treasury department would triple its buyback of US treasuries, increasing the operation from $2bn to...
Armstrong Economics 101 EconomicsBessent: I AM THE HOUSE NOW
September 21, 2026
Treasury Secretary Scott Bessent has effectively challenged the bond market to a fight, telling traders, “I have asymmetric information. I am the house now,”...
EconomicsBessent Tells Japan to Do What Washington Refuses to Do
September 21, 2026
Treasury Secretary Scott Bessent is now pressuring Japan to rein in government spending and restore credibility with the bond market as Japanese yields surge....
Sovereign Debt CrisisWho Really Controls Interest Rates?
September 21, 2026
People constantly ask who has more power over interest rates, Treasury Secretary Scott Bessent or Federal Reserve Chairman Kevin Warsh. Warsh certainly has the more...
EconomicsBessent Disagrees on US Credit Downgrade
May 22, 2025
US Treasury Secretary Scott Bessent rebuked Moody’s lowered rating of US credit from AAA to AA1. “First of all, I think that Moody’s is a lagging...
EconomicsLet Them Eat Flat Screens
March 27, 2025
Treasury Secretary Scott Bessent continually denies that tariffs will become a tax on consumers. When asked if the Trump administration was comfortable with the...
EconomicsUS Treasury Secretary Says China Will “Eat any Tariffs”
March 4, 2025
The primary policy implemented under the Trump Administration that I believe has the potential to destroy the US economy is tariffs. The very people who are...
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