"Markets are primed for Dollar debasement to resume and — as Japan shows — it can be next to impossible to stabilize a currency once it enters a devaluation spiral."

With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades — putting his credibility on the line in an effort to quell a potentially damaging rise in US borrowing costs.

Gold is the reciprocal of the dollar and consensus among strategists is that Bessent’s yield curve control will have a detrimental impact on the U.S. currency

David Zervos, chief market strategist at Jefferies, joins 'Squawk on the Street' to discuss Treasury Secretary Scott Bessent, tactical buybacks and more.

Riley English, a Massachusetts woman who told police that she brought homemade firebombs to the U.S. Capitol to kill Treasury Secretary Scott Bessent, has been sentenced to just over six years in prison.

On the surface, Bessent's action seems at odds with the Federal Reserve's strategy. New chairman Kevin Warsh has suggested tightening at the long end of the yield curve—the very thing Bessent is now trying to loosen—helps the Fed read market signals.