“Bessent’s ‘Operation Twist’ revival will fail”
Dr. George Athanassakos argues that the U.S. Treasury’s revival of ‘Operation Twist’ is unlikely to lower long-term interest rates, given its historical failure and today’s higher debt, persistent inflation, and massive Treasury market, potentially forcing the Federal Reserve to use Quantitative Easing (QE) and increasing inflation risks in his latest article titled “Bessent’s ‘Operation Twist’…