President Donald Trump’s suggestion that the U.S. military could represent an "ultimate intervention" to lower bond yields has drawn a sharp response from economist and longtime gold-market commentator Peter Schiff.
Trump made the remark during a Fox News interview last week as he discussed efforts by Treasury Secretary Scott Bessent to intervene in the bond market. Schiff questioned how the military could be used to lower interest rates or Treasury yields, noting that Trump did not explain what he meant by the comment.
Schiff Mocks Trump’s ‘Military Option’
Schiff addressed Trump’s comments on his latest podcast, questioning the president’s suggestion that the military could be used as an intervention in the bond market.
"He said there also is a military option to lowering interest rates, getting bond yields down, that if we have to, we’re gonna resort to our military," Schiff said.
