Peter Schiff Questions Trump’s ‘Military Intervention’ Remark if Treasury Buybacks Fail
Summary
- Peter Schiff questioned what Trump meant by military intervention if US Treasury bond buybacks fail to lower long-term Treasury yields.
- Trump recently expressed frustration with high long-term Treasury yields, pushed for rate stability through Treasury market intervention, and was reported to have said that “the ultimate intervention is the military.”
- The Treasury has recently expanded the scale of bond buybacks to support long-term Treasury yield stability, but market debate over the policy’s effectiveness has continued.
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Economist Peter Schiff questioned what President Donald Trump meant by “military intervention” if US Treasury buybacks fail to bring down long-term Treasury yields.
Cointelegraph reported on August 24 that Schiff raised doubts about what Trump’s recent reference to “military intervention” specifically meant in remarks tied to rising long-term bond yields.
Trump has recently voiced frustration with elevated long-term Treasury yields and pushed for rate stability through Treasury market intervention. In that context, he was reported to have said that “the ultimate intervention is the military.”
Schiff also questioned how such military intervention could be carried out if Treasury buybacks fail to lower long-term yields. The Treasury has recently expanded its buybacks to stabilize long-term Treasury yields, but debate over the policy’s effectiveness has continued in the market.
