Bessent mocks WSJ's Nick Timiraos as stenographer reduced to Fed gossip under Warsh leadership
“One of the highlights of the Warsh Fed has been watching stenographers posing as journalists, like the WSJ’s Nick Timiraos, reduced to reporting Fed backroom gossip because they’re incapable of performing real economic or monetary policy analysis without being spoon-fed.”
Bessent says Treasury is giving a cure period but will move very quickly if expectations are not met.
“We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious.”
Bessent declares zero breathing space policy to prevent Iran from rebuilding terror capacity.
“There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent argues Treasury's credibility with secondary sanctions depends on not taking their use lightly.
“And in the terrorism finance department and in OFAC, the reason we are able to use secondary sanctions is because we do not take their use lightly.”
Bessent announces zero leakage enforcement approach denying Iran any breathing space to rebuild terror capacity.
“We are enforcing a zero leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent declares that buying appeasement from Iran will no longer work with the United States.
“And on the other side, with this regime, trying to buy appeasement will no longer work in the eyes of The United States Of America.”
Treasury moved to quiet market signals about yield management, which always starts as technical but becomes policy commitment.
“>WSJ op-ed</a>. “It was being a pushover that had finally begun to clear its throat, and Treasury moved to quiet even that.” “Yield management always begins as a technical operation and ends as a policy commitment.”</p> <p class=”
Treasury interventions in bond markets that start as technical fixes inevitably become ongoing policy tools.
“Yield management always begins as a technical operation and ends as a policy commitment.”
Treasury buybacks should be limited to small scheduled operations for illiquid bonds, never emergency responses to rising yields.
“Return buybacks to their stated purpose: small, scheduled, off-the-run liquidity operations announced at quarterly refundings, never off-cycle responses to yield levels. Term out the debt honestly and pay the price the market sets,”
Bessent announces Treasury is doubling the size of liquidity support buybacks for 10-to-30-year nominal securities.
“increasing, by at least double, the size of liquidity support buyback operations for longer-dated nominal coupon securities (the 10-year to 20-year sector and the 20-year to 30-year sector).”
Bessent says there will be no breathing space for the Iranian regime to rebuild its terror capacity.
“There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Bessent announces a zero-leakage sanctions approach with no breathing space for Iran to rebuild.
“We are enforcing a zero-leakage approach. There will be no minimal breathing space for the regime to rebuild its capacity to inflict terror against America and the world.”
Treasury states transitioning to post-quantum cryptography is essential to protecting U.S. economic security.
“Transitioning to post-quantum cryptography is essential to protecting U.S. economic security and strengthening the resilience of the financial system.”
Bessent announces Treasury will double buyback operation sizes from $2 billion to at least $4 billion starting September 9, 2026.
“The current maximum size of $2 billion per operation will be at least $4 billion per operation.”
Bessent says Trump is ending the Iranian threat, not merely managing it.
“And under his leadership, America is no longer managing the Iranian threat. We are ending it.”
Bessent says Trump took action predecessors deferred and America is no longer managing the Iranian threat.
““President Trump has taken action that his predecessors have long deferred. Under his leadership, America is no longer managing the Iranian threat.”
Bessent says Treasury is relentlessly targeting narcoterrorist networks profiting from poisoning Americans under Trump's leadership.
““Under President Trump’s leadership, Treasury is relentlessly targeting the narcoterrorist networks that profit from poisoning Americans,” said Secretary of the Treasury Scott Bessent .”
Bessent says the regulations end abuse, protect tax system integrity, and prioritize Americans.
“These proposed regulations end the abuse, protect the integrity of the tax system, and put Americans first.””
Bessent says Trump is ending Iran threat rather than managing it like predecessors.
““President Trump has taken action that his predecessors have long deferred. Under his leadership, America is no longer managing the Iranian threat. We are ending it.”
Bessent warns far-left extremists Treasury will use full economic tools against them.
““Far-left extremists, their fronts, and their enablers should be on notice: We will bring the full weight of our economic tools to bear,””
Bessent says Treasury promised to sever every economic lifeline Tehran has left and end the Iranian regime threat.
““Treasury promised to sever every economic lifeline Tehran has left and finally end the threat of the Iranian regime,” said Secretary of the Treasury Scott Bessent”
Bessent argues taxpayers should not fund benefits for those legally barred from receiving them.
““American taxpayers should not be forced to foot the bill for benefits going to those who are barred by law from receiving them.”
Bessent pledges to cut financial lifelines of political terrorist groups until eliminated.
““Political terrorism has no place in our society, and we will continue to cut the financial lifelines of these groups until they are eliminated.””
Bessent says Iran's calculus of certain retaliation and negotiable U.S. enforcement is over under Trump.
“For decades, this regime has drawn strength from a calculus that regards Iranian retaliation as certain and American enforcement as negotiable. Under President Trump, that era is over.”