Anna Wong(@AnnaEconomist):The next thing the bond market may freak out about (fueled by Fed independence vigilantes) is a Treasury-Fed accord. I touch on this on a piece on Bessent’s buyback last week @TheTerminal https://t.co/NZOcDYOBo6 There is a third Fed mandate (“moderate interest rates”), and it is open to interpretation what that means. One of those interpretation is bringing down treasury risk premium. Here is Jeffrey Lacker’s testimony to the House.

Anna Wong

@AnnaEconomist

Chief US Economist, Bloomberg LP @economics. Former Fed/CEA/US Treasury, PhD @uchi_economics BA @UCberkeley. All opinions are my own.

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Anna Wong@AnnaEconomist

2026.08.22 16:51

The next thing the bond market may freak out about (fueled by Fed independence vigilantes) is a Treasury-Fed accord. I touch on this on a piece on Bessent’s buyback last week @TheTerminal There is a third Fed mandate (“moderate interest rates”), and it is open to interpretation what that means. One of those interpretation is bringing down treasury risk premium. Here is Jeffrey Lacker’s testimony to the House.