The US dollar stays firm amid Fed caution, but Treasury Secretary Bessent blasted its “broken” inflation models and vowed a leadership overhaul to revamp processes.
The US dollar stays firm amid Fed caution, but Treasury Secretary Bessent blasted its “broken” inflation models and vowed a leadership overhaul to revamp processes, as soaring deficits and debt over GDP push the Fed toward fiscal dominance—prioritizing low rates to manage borrowing costs over inflation control.
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