The US Treasury Department isn't a hedge fund—and it should not behave like one
· livemint.com
The administration’s effort to lower borrowing costs in America is looking awkward. While Treasury secretary Scott Bessent was once a hedge fund manager, he shouldn’t deploy those tactics by trying to time the bond market with taxpayer money.
Where the administration has a chance to meaningfully and responsibly impact borrowing costs, it has mostly declined to do so. Thanks to the extension of tax cu...