Bessent Wants to Bring Treasury Yields Down. Warsh Could Complicate the Plan.

Source: International Business Times

While Bessent has tools that can affect the supply and structure of government debt, a sustained attempt to push Treasury yields lower could eventually require cooperation from the Federal Reserve. Saul Loeb/AFP via Getty Images Federal Reserve Chair Kevin Warsh is facing an early test of the central bank's independence as Treasury Secretary Scott Bessent steps up efforts to influence a turbulent U. S.