Reported 1 day ago
Treasury Secretary Scott Bessent stated that the US is not close to increasing long-term Treasury sales due to prevailing economic challenges like high inflation and the Federal Reserve’s quantitative tightening. He emphasized the importance of market conditions in determining future actions, while acknowledging the previous administration's impact on debt issuance strategies. Bessent also commented on the need for China to rebalance its economy and addressed concerns regarding the valuation of the yuan amid capital controls.
Source: YAHOO