New York Times (August 27)
2026/ 08/ 29 by jd in Global News
“Propping up the yen. Buying back U.S. debt. Americans might wonder: What is the Treasury Department doing? Over the past month, it has made some unusual moves to tamp down an alarming surge in interest rates. The global history of maneuvers like these suggests that they rarely work on their own — and can often be worse than doing nothing.”
Tags: Alarming, Buying, History, Interest rates, Maneuvers, Propping up, Surge, Tamp down, Treasury, U.S. debt, Unusual, Worse, Yen
