Reported 3 months ago
Economist Nouriel Roubini and former Treasury official Stephen Miran have accused the U.S. Treasury of manipulating bond auctions to influence interest rates, suggesting that this tactic effectively acts like a tool for economic stimulus, similar to the Federal Reserve's quantitative easing. Their claims emphasize that the Treasury is impacting financial conditions and thus the economy, which counters recent rate hikes by the Fed. Despite their arguments, Treasury Secretary Janet Yellen has firmly denied any manipulation strategy, asserting that debt issuance is conducted in a consistent manner to minimize borrowing costs.
Source: YAHOO