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Scott Bessent: “The Fed continued buying for years afterwards [after the…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Scott Bessent: Inside Trump's Treasury; War Costs; & Why Bond Market is King

Published | Video Starts at 35:19

Once during the early days of COVID I don't remember the exact timing, but you know, let's say March, April, maybe May, and stabilized the smooth operation of the gilt market and then they moved away. The Fed continued buying for years afterwards [after the Bank of England's intervention]. And I believe that that's one of the things that got us the great inflation 22 and 23. I wanted to touch on gold. (35:19–35:26)

CLAIM

Asserts that the Federal Reserve continued asset purchases for years after the Bank of England's intervention.

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