Bessent with No Credibility Trying to Tame Markets Trump Just Shook The Life of Them
Treasury Secretary Scott Bessent is starting to see the limits of his powers to bend the market to his will.Credit... The Treasury secretary is confronting the limits of his ability to reshape the economy ahead of midterm elections. No one on the T. Administration have any kind of credibility, none of them. They defend what can't not be defended or understood. They are part of rotting madness in the White House. Adam By Alan Rappeport Alan Rappeport covers the Treasury Department. New York Times When auditioning to be President Trump’s Treasury secretary, Scott Bessent accused Democrats of constructing a centrally planned economy. He argued that their interventions in markets were politically motivated and said the sitting Treasury secretary, Janet L. Yellen, was purposely changing how government bonds were being sold to stimulate the economy before the 2024 election. “History teaches us that prioritizing free enterprise and limiting government’s role in the e...
