Bessent's Bluff: A Warning to Markets or a Sign of Things to Come? The Treasury Department's bond buying program has been shrouded in uncertainty since Secretary Scott Bessent announced his aggressive plan last month.
On Wednesday, markets will finally get a glimpse into the size of this operation, but the real question is whether Bessent's rhetoric is more than just a bluff.
Bessent's statement at Southern Methodist University, where he declared "I am the house now," sent shockwaves through currency traders and investors.