Kai Ryssdal

@kairyssdal.bsky.social

Dad, husband. IPAs. Soccer referee, trail runner, mountain biker. Veteran.

EVERCORE: The projected exhaustion of Social Security “is a bona fide forcing event on the horizon. If Washington’s fiscal trajectory changes meaningfully before then, .. it will likely be because Treasury markets deliver a clear signal that the fiscal status quo has become too costly ..”

Bild

The JPY intervention illustrates a primary reason the Admin wants to control the Fed--to control the powerful levers of the Fed's balance sheet. Even if he gets this thru this blurring of lines b/w fiscal & monetary policy will cost Warsh political capital on the FOMC www.wsj.com/economy/cent...

Why Bessent Is Leaning on the Fed to Help Prop Up Japan’s Currency

The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending program.

wsj.com