Scott Bessent trying to play Fed Chair when he's not—dressing up bad news with pretty words. But the market isn't buying it. No amount of spin changes what's underneath. $US30Y isn't impressed, and neither should you be.
When officials start talking like central bankers without the authority, it's usually a sign they're worried about something they can't control. Markets smell desperation faster than confidence.
When officials start talking like central bankers without the authority, it's usually a sign they're worried about something they can't control. Markets smell desperation faster than confidence.