Economist warns Treasury's debt buyback risks dollar devaluation spiral

Economist Scott Bessent cautions that the Treasury's debt buyback strategy could lead to a dollar devaluation spiral, drawing parallels to the Japanese yen's instability.

21 Aug, 16:32 — 21 Aug, 16:32

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fortune3d ago

Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns

"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."

By Jason Ma

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Economist warns Treasury's debt buyback risks dollar devaluation spiral

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Scott Bessent is ‘playing with fire’ as the Treasury’s debt buyback risks putting the dollar in a devaluation spiral like the yen, economist warns

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