Did Bessent Put the Fed in a Bind?

New York Times Thursday 20 August 2026, 12:16 UTC By Andrew Ross Sorkin, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Niko Gallogly, Brian O’Keefe, Sri Muppidi and Anita Raghavan 1 min read

Key Points

Treasury Secretary Scott Bessent surprised Wall Street in announcing a new intervention in the bond market. Did he take the Fed by surprise, too?

Fed (ORG) Bind (ORG) Treasury (ORG) Scott Bessent (PERSON)

Originally published by New York Times Read original →

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Did Bessent Put the Fed in a Bind?

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