Yellen Dismisses Roubini's Treasury Manipulation Allegations
Treasury Secretary Janet Yellen refutes claims of manipulating debt issuance to lower borrowing costs, emphasizing regular and predictable strategies.
Overview
- Economist Nouriel Roubini and former Trump official Stephen Miran alleged Treasury actions reduced 10-year yields by 0.25%.
- Yellen asserts there is no strategy to ease financial conditions through debt issuance manipulation.
- Treasury's Joshua Frost supports Yellen, stating the issuance approach aligns with market expectations.
- Senior Treasury officials criticize the Roubini paper for factual inaccuracies and misleading calculations.
- The debate continues amidst broader scrutiny of Yellen's financial policies and their economic impact.