Shot accross the bow to Powell and the FED. They are, and have been, so behind the curve on short term rates. As Trump said, Powell is playing politics and refusing to do his job. Bessent and the Treasury have likely begun to increase buybacks of older treasury issues.                                                                                                                                                                                                            If Powell continues to sit on his hands he confirms, there is no need for a Federal Reserve Bank, and hastens the day when Congress rescinds their charter. Yesterday, would be just fine.                       https://www.zerohedge.com/markets/china-limits-stocks-sales-maintain-impression-stability-bessent-hints-boosting-treasury