Treasury and the Fed Are Sending Conflicting Signals

Treasury Secretary Scott Bessent wants long term yields lower, while Fed Chair Kevin Warsh has argued that markets should do more of the work. That tension is becoming one of the biggest stories for investors.In this episode of The Financial Exchange, Chuck Zodda and Mike Armstrong discuss the renewed U.S.-Canada trade dispute, Bessent’s warning of an “economic D-Day” for Iran, and whether China and India may determine if tougher sanctions actually work. They also examine whether the Treasury could use its general account to fund bond buybacks, why that may only delay the borrowing problem, and what Warsh needs to address at Jackson Hole as markets weigh the Fed, inflation, gold, and long term rates.