Treasury Secretary Scott Bessent wants to change banking regulations that limit US banks from holding treasuries in an attempt to support the market. Timing changes in bank regulation during massive market disruption sounds dangerous and ill-advised to me.
They'll likely try to give us a re-do of Covid inflation to juice unadjusted numbers, but without an actual external emergency to even sort-of justify it.
I'm wondering how closely banks' rates will follow the Fed, this time. I'm guessing less-so than usual, making the measures less effective than normal. Lowering rates even further to compensate may signal panic and incompetence (even more) to the markets, which will be... fun.
Totally self inflicted. Thanks "Tariff Man".