Liar liar pants on fire 😂
Trump Says He Did not Direct Bessent to Intervene in Bond Market
Trump says he did not direct Bessent to intervene in bond marketWASHINGTON, Aug 21 -U.S. President Donald Trump said on Friday he did not direct Treasury Secretary Scott Bessent to intervene in the bond market this week and that the Treasury chief acted on his own authority based on his understanding of the issues.Here are details:Bessent said on Thursday the government could furtherincrease its Treasury repurchasesafter a surprise announcement on Wednesday that it would spend double the expected amount on bond buybacks."No, not at all," Trump told reporters on Friday when asked if he directed Bessent to intervene in the bond market."He's a very capable man. He wanted to do it. He's very good at it," Trump said. "He did that, yeah."Bessent is a former hedge fund manager with extensive experience in sovereign debt and currency markets.By Friday, however, the declines in bond yields triggered by Bessent's announcement had largely beenunwound.Long-term Treasury yields recently spiked on c
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