Scott Bessent is 'playing with fire' as Treasury debt buyback scheme risks dollar devaluation spiral

Business

Scott Bessent Is 'Playing With Fire' As Treasury Debt Buyback Scheme Risks Dollar Devaluation Spiral

By Fortune

In a Substack post on Thursday, Robin Brooks, a senior fellow at the Brookings Institution and former chief economist at the Institute of International Finance, sounded the alarm on the Treasury Department’s plan to increase buybacks of long-term bon ...Read more