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‘What Is He Talking About?’ CNN’s Abby Phillip at a Loss After Trump Claims He Might Use the Military Against Bond Market
Yahoo • • business
Key Points:
- President Donald Trump suggested he could use the U.S. military to intervene in the bond market amid rising Treasury yields, a comment that caused confusion among reporters and commentators.
- Treasury Secretary Scott Bessent recently doubled the amount of U.S. bonds the department will buy back in an effort to manage rising yields, which increase borrowing costs and government interest payments.
- Trump denied directing Bessent's bond market actions but praised his capability, while expressing frustration that good economic news often leads to higher interest rates rather than decreases.
- CNN host Abby Phillip and others expressed bewilderment at Trump's suggestion of military intervention in financial markets, highlighting the unusual and unclear nature of his remarks.
