Arthur Hayes says Trump’s Bessent wants to use dollar-yen exchange rate to force the Fed into printing money

Arthur Hayes believes US Treasury Secretary Scott Bessent is preparing a way to strengthen the yen that could also force the Federal Reserve to create a large amount of new dollar liquidity. Arthur’s case centers on the Fed’s FIMA Repo Facility. In his latest essay titled ‘Yen-Quake,’ Arthur said that Japan could place its US...