Part 7/9:
The current administration’s priorities under Secretary of the Treasury Scott Besson, particularly a focus on lowering the 10-year Treasury yield, underscore the complexities of the situation. While efforts have not yet yielded the desired results, they could lead the Fed to reengage in quantitative easing (QE). If the Fed steps in to purchase Treasuries, it could significantly reduce yields, making debt cheaper for consumers and businesses alike.