Treasury Head Scott Bessent says Jamie Dimon, the Gardens should rest about Baklar Bakers: ‘He gave forecasts for his whole career … None of them were not realistic’

• Treasury Secretary Scott Bessent broke concerns about the US debt this Sunday, After a few days JPMORGAN CHASE Jamie Dimon, which has a deficit for a long time, has once again warned the effects of US bond markets. Simon’s job in the bank means that it is concerned.

JPMorgan Chase CEO Jamie Dimon has been agreeing with the level of debt levels of debt and delay market for years. However, the Treasury Secretary Scott Bessent does not purchase these concerns, shows that they are a little overcast on Sunday.

Speaking in CBS News’ Face the face of the nation June 1, Bessent targeted Dimon’s latest Margaret Brennan Nemat Brennan referred to as a blessing crisis.

“I recognize Jamie for a long time. He has prepared forecasts for his whole career,” said Brennana. “Fortunately, none of them were real.”

He added: “Therefore, a banker, a large banker. He is trying to look at the corner.” Bessent also received information about the supply of gop, which they reduce government benefits and taxes, mainly for the wealth, and the next ten years will cost $ 5 trillion.

“We will slow down,” said Bessent said that President Donald Trump has a price control difference from President Donald Trump.

“We did not come here in a year and this was a long process,” he said. “So the goal is to lower it in the next four years, to leave the country in 2028.”

Bessent asked for a statement on the assessment, JPMorgan Chase spokesman referred to Fortune Friday to the interview of Dimon CNBCWhen the CEO appeals to the National Economic Forum, and other geopolitical concerns described the debate issue.

Bond Market Jitters

Dimon is far from just one thing that belongs to the direction of US debt and general policy: the bond base shares concern. In April sell a bond This is a “break” on the historical high-rise tariffs on “continuous tariffs” tariffs on the reciprocal tariffs planned against the majority of majority of US trade partners.

Credit Rating Agency Moody’s in May Lowed the US debtMeans not receiving the highest rating from any US main credit agency. During this month, the treasury product, which represents the level of risk investors from investing in the United States, has increased continuously. Last week, the 30-year treasury note productivity resulted in a psychologically important obstacle outside an increase October 2023 Was asked by inflationary concerns, not seen before the big decline.

How to melt the bond as lemon puts on Friday. As the US debtor will require a higher product or interest rate in the form of treasures, investors will require a higher income or interest rate to compensate the debt.

“Something like $ 30 trillion securities every day. These are the world’s investors” Dimon gossiptalker FoxBusiness’ Maria Bartiromo, on the edges of the Reagan National Economic Forum. “People vote with their feet and look to the country, the rule of law, inflation rate, central banking … These rates are not appointed by central banks,” he said.

This means that annoying investors have potentially offered interest rates for the treasures and have not been able to do the money to borrow the US government, as well as things like mortgage rates and anything.

Dimon’s reduction requirement will be required.

“We did $ 10 trillion in five years in five years,” the US government had a post-coviet. CNBC in the same position. “When Ronald Reagan warned the first time in the 1980s,” 35% and deficit 3.5% to GDP. Today is 100%, and the deficit is 7%. The highest cefetime so far. “

“What I really worried about is ours. We can achieve our actions, our ability, our leadership, our leadership,” he said. “If we have the first military and first economy in 40 years, we will not be a precautionary currency. This is a fact. Just read the date.”

This story was first displayed Fortune.com

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