Scott Bessent: “U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to…”

We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.

I am the house now, so when we intervene with the Japanese yen, I have pretty good insight into what the Japanese, what the Bank of Japan is going to do, what Japanese policymakers are going to do.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.

The Harvard Square inflationista is offering a statistical sleight of hand, not a serious assessment of today’s U.S. economy.