Peter Schiff Questions Trump Remark on 'Military Intervention' if Treasury Buybacks Fail

Economist Peter Schiff questioned President Donald Trump's reported suggestion that military intervention could follow if US Treasury buybacks fail to bring down long-term Treasury yields.

Cointelegraph reported on August 24 that Schiff raised questions about what Trump meant by "military intervention" in recent remarks on rising long-term bond yields.

Trump has recently voiced frustration with elevated long-term yields and has pushed for rate stabilization through Treasury market intervention. In that context, he was reported to have said that "the ultimate intervention is the military."

Schiff questioned how the military intervention mentioned by Trump would be carried out if Treasury buybacks fail to lower long-term yields. The Treasury has recently expanded its bond buybacks to stabilize long-term yields, but debate over the policy's effectiveness has continued in the market.