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The surprising move this week by Treasury Secretary Scott Bessent to intervene in Treasury markets to lower the cost of government debt undercuts the credibility of Federal Reserve Chairman Kevin Warsh to make interest-rate policy, experts said.
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Stock Market on Aug. 21, 2026: Dow, S&P 500 and Nasdaq rebound, but finish week with a loss as rising bond yields rattle stocks MarketWatchDow surges 500 points Friday, but index posts back-to-back weekly losses: Live updates CNBCU.S. Indexes Rose Friday; Robinhood Markets Led Increases Barron'sStock Market Today: Dow Opens Higher; Yields Steady; Bitcoin in Focus — Live Updates WSJ
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