Scott Bessent announces more U.S. bond purchases as market turmoil eases

The bond market came under intense pressure, prompting relatively untested Treasury Secretary Scott Bessent to announce Wednesday morning that the U.S. government would buy more bonds. The intervention helped calm markets somewhat but was described as a temporary measure rather than a long-term solution. Bessent is portrayed as a distinctive figure in Trump 2.0: Although he tries to project tough-talk bravado at cabinet meetings and in television appearances, that style appears less natural to him than it does to some other cabinet members.

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