Best thing kevin could do to lower rates is to reaffirm Fed commitment to PCE until it hits 2%. Suggesting an index change last meeting was shocking and revealed low levels of competence. Note kevin is already famous for poor judgement by being hawkish into and even after the GFC

SCOOP: Treasury Secretary @SecScottBessent will do whatever it takes to "put the fear of God" into the bond vigilantes, shorting the long end of the curve in an attempt to drive the 10 year yield to 5%, Wall Street executives with direct knowledge of his thinking say. That would include buy backs, selling short-term debt, possible elimination of long-dated bonds like the 20 year etc. It's a short-term solution to keep yields from soaring further, strangling growth as the midterms approach, they say, and doesn't address the real problem: Debt now at the $40 trillion level, and competition for capital from AI buildout. Longer term, don't look for austerity coming out of the Trump White House in its remaining years, they say. The plan remains top possibly "grow" out of the debt level through increased tax revs because the cure for such high debt levels would be recession inducing taxes or austerity. Story developing

BESSENT COULD UNLEASH $1 TRILLION ON BOND MARKET The US Treasury could tap its nearly $1 trillion cash account to fund expanded bond buybacks, potentially giving it major firepower to push long-term yields lower. Treasury recently doubled minimum buybacks of longer-dated securities to $4 billion, with Bessent signaling even larger purchases are possible. Using existing Treasury cash could strengthen the program’s market impact while reducing the need for Federal Reserve involvement.

If AI isn’t a bubble, you’ll lose your job. If AI is a bubble, you’ll lose your savings. Most likely, AI is currently in a financial bubble but technologically still on an exponential improvement curve, so you’ll first lose your savings and then lose your job. Good luck.