‘Elevated Inflation Era’ Underway As Treasury Secretary Bessent Rejects Idea of Issuing Long-Term Bonds: Macro Guru Jim Bianco

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Macro strategist Jim Bianco thinks the US is in an “elevated inflation era.” In a new interview with Bloomberg, Bianco, the president of Bianco Research, pointed to US Treasury Secretary Scott Bessent, who said in an interview this week that he wouldn’t issue long-term bonds with the Federal Reserve’s current interest rates. “Why would we do it at these rates? We are more than one standard deviation above the long-term rate, so why would we do that? The time to have done that would’ve been in 20...