Bessent doubled Treasury buybacks as he warned. This disintermediates Powell somewhat, and is a clear first step on the way to Yield Curve Control which is coming
zerohedge
zerohedge15.4.2025
Must watch interview: Bessent reveals he has breakfast with Powell every week, and also reveals that if the Fed does nothing, the Treasury has a "big toolkit" and could "up the Treasury buybacks" (to prop up Treasuries, in lieu of QE).
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