Category: Treasury Department

Treasury Turns to Interventionist Tactics to Lower Interest Rates

The New York Times – Business:
Treasury Secretary Scott Bessent is reinventing the government’s role in the world’s most important bond market.
Did Bessent Put the Fed in a Bind?

The New York Times – Business:
The Treasury Department’s plan for bond interventions have calmed markets. But Wall Street is worried about the fallout for inflation and more.
Trump, Who Has Amassed Enormous Wealth in Crypto, Hosts Industry Leaders

The New York Times – Business:
President Trump called on Congress to pass a major cryptocurrency bill that would tilt regulation in the industry’s favor.
Why Treasury Yields Are Rising, and What That Means for the Economy

The New York Times – Business:
Interest rates on U.S. government bonds can affect everything from auto and student loans to mortgages.
Markets Rally After U.S. Treasury Tries to Ease Bond Market Stress

The New York Times – Business:
Government bond yields fell and stocks jumped on a move by the Treasury Department to double the amount of debt that it can buy back from investors.
The Rising Stakes of the Global Bond Rout

The New York Times – Business:
There were already several factors rattling investors. A further rise in bond yields is making things more expensive for everyone.
Treasury Scales Back Scrutiny of U.S. Shell Companies

The New York Times – Business:
The Trump administration will not enforce reporting requirements of the 2021 Corporate Transparency Act, which was intended to crack down on money laundering.
The Fed Didn’t Raise Rates. The Bond Market Did.

The New York Times – Business:
The market is saying risks are rising. That means hardship for home buyers and higher hurdles for A.I. data centers and the stock market. But it’s also a boon for retirees.
Bessent Declares Widening Gap Between Rich and Poor ‘Dead’

The New York Times – Business:
Despite data to the contrary, the Treasury Secretary made the case that the K-shaped economy no longer exists.
What the Stock Market’s Record Rally Has to Do With Rescuing the Yen

The New York Times – Business:
The wide impact of the U.S. intervention into the Japanese currency shows the extent to which global markets’ revolve around investments in artificial intelligence.
A Currency Trader at Heart, Bessent Bets on Japan’s Yen

The New York Times – Business:
Coordinated intervention allowed Japan to support its currency without selling off its U.S. debt holdings.
Here’s Why the US Is Helping Prop Up the Japanese Yen

The New York Times – Business:
The U.S. Treasury joined efforts in Tokyo to stem the yen’s slide against the dollar, highlighting the broader risks posed by turmoil in Japanese markets.