But ~"unlike the Federal Reserve's ability to create money, Treasury funds repurchases by issuing more short-term bills, effectively swapping long-term debt for shorter maturities... termed 'fiscal dominance,' Treasury directly influences financial conditions, a role traditionally of Fed. Critics say this blurs the lines between fiscal & monetary policy."
And Bessent's financial gymnastics and snark-laden subterfuge concern me*
9🧵
#USA #USPol #USeconomy
*#MyThoughts
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https://www.forbes.com/sites/jamesbroughel/2026/08/22/treasury-is-buying-its-own-bonds-where-is-the-money-coming-from/
