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Scott Bessent
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- 1Fed buying of Treasury bills outpaces Covid-era pace●“The Fed🚨is printing money to buy US TSY bills... more than during Covid. - Covid: ~$320B - Last 9 months: ~$355B Everyo
The US Federal Reserve has bought roughly $355 billion in Treasury bills over the past nine months, exceeding the roughly $320 billion purchased during the Covid-era emergency response. Critics, including investor commentary circulating online, argue attention is fixed on interest-rate decisions while this money creation goes largely undiscussed, at a time when Treasury Secretary Scott Bessent is also issuing substantial new debt.