US Treasury Secretary Besant said to have discussed ways to recast ties between the Fed and the Treasury in the Bank of England's image, and praises BoE's market intervention capabilities, according to FT

Newsquawk StaffFederal Reserve newsPublished 26 Mar 2026, 05:24 UTC

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US Treasury Secretary Besant said to have discussed ways to recast ties between the Fed and the Treasury in the Bank of England's image, and praises BoE's market intervention capabilities, according to FT

05:00

BoJ Core CPI (Feb) 2.2% (Prev. 2.3%)

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Context

The comments from Treasury Secretary Besant about reshaping the relationship between the Fed and the Treasury in a manner akin to the Bank of England suggest a potential shift in how U.S. monetary and fiscal policies could interact. Praising the BoE's market intervention capabilities indicates an inclination towards more proactive measures, which could impact perceptions of U.S. policy robustness and consequently influence expectations around interest rates and the USD's strength.

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