Sec. Bessent's big plan to finance the national debt
Should the Treasury issue more short-term bonds to finance the $40 trillion national debt? Plus: Multifamily construction, PCE methodology, and craft stores.
The Treasury wants to use short-term borrowing to finance the national debt. While short-term interest rates are usually lower than long-term rates, they’re also more volatile.
Fed Chairman Kevin Warsh and other central bankers will be in Jackson Hole, Wyoming next week for a conference. Meanwhile, local residents combat high prices and rising rents.
Ashley Morken, owner of Unglued in Fargo, North Dakota, says interest in events at her shop have been growing this summer. It's meant changes in hiring.