2026-09-01
9 分钟NPR.
Treasury Secretary Scott Besant is taking a bit of a licking in the financial press right now.
A billionaire investor who used to work with him wrote an op-ed in the Wall Street Journal warning
that Besant was trying to buy his way out of a difficult conversation.
Yeah, and executives at different investment firms have described Besant's strategy as self-limiting,
self-defeating, even financial repression.
So why are these guys picking on Scott Besant?
Well, starting next week, the Treasury plans to start buying back a lot more U.S.
Government bonds than it usually does, at least double.
And judging by the reaction, not only do investors dislike this idea,
they might not even believe the Secretary's rationale for doing it.
This is The Indicator for Planet Money.
I'm Adrian Ma.
And I'm Waylon Wong.
Today on the show, we will unpack this whole mess to explain what the Treasury Department is trying to do,
why it may be headed for a three-way standoff with both bond markets and the Federal Reserve,
and what this means for everyday borrowers.
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