---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000862072.md"
description: "During Fed chair Warsh's press conference after the Jul meeting, he repeated pointed to the elevated bond yields as a market driven tightening and hence Fed could fold their hands for the moment. However, Treasury secretary Bessent just served the tennis ball back when he announced yesterday that bond buy backs would be minimally doubled. Is Mr Bessent triggering the "test the new Fed chair" rite of passage?"
datetime: "2026-08-20T03:39:51.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000862072.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000862072.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000862072.md)
author: "[LazyCat](https://longbridge.com/en/profiles/16872684.md)"
generator: "portal-rs"
---

# During Fed chair Warsh's press conference after th…


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## Comments (2)

- **Yqh · 2026-08-20T04:37:46.000Z**: the 30y gave back 7.8bp on that announcement, right after Warsh said the tightening was doing his job for him. buybacks do not even start till sept 9.
  - **LazyCat** (2026-08-20T04:47:39.000Z): When is President Trump getting his rate cut? 😂


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**