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Warsh and Bessent Need to Regain the Policy High Ground
Bessent and Warsh may eventually forge a new Fed-Treasury accord, but they first need to regain the policy high ground or markets will keep adjusting to higher US fiscal and monetary policy uncertainty.
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fortune.com
Bessent becomes most interventionist Treasury chief in decades | Fortune
Expanded bond buybacks and yen purchases mark an unusually activist approach, but widening deficits could limit its effectiveness
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cnbc.com
Warsh faces Fed independence test as Bessent moves in on central bank's turf
Bessent’s effort to tamp down long-term Treasury yields could force Warsh to clarify how far the Fed should go in coordinating on bonds and the balance sheet.
