The David Lin Report · Tuesday, August 25, 2026
Danielle DiMartino Booth likens the Treasury's bond buyback program to the historical 'Operation Twist,' noting that it is the Treasury, not the Federal Reserve, taking the lead. She acknowledges the controversial nature of such interventions but prefers the Treasury's direct role over potential future quantitative easing by the Fed.
“Well, I think the closest historical corollary would be Operation Twist.”
“Of course, the Fed has been involved in the past with Operation Twist episodes, but in the current, in the current case, uh, it is the Treasury taking the reins.”
“I mean, this is a very controversial thing to do, uh, to be intervening in our treasury market.”