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Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh

Here’s how Bessent’s newly activist Treasury Department is undercutting the Fed’s Warsh
MarketWatch Friday 21 August 2026, 20:11 UTC By Greg Robb 1 min read
Key Points

The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.

The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
Bessent (PERSON) Treasury Department (ORG) Fed (ORG) Warsh (PERSON) Treasury (ORG) Scott Bessent (PERSON) Federal Reserve (ORG) Kevin Warsh (PERSON)
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