Trump Denies Instructing Powell to Intervene in Bond Market, Says Resolving $40 Trillion Debt Issue Requires Growth

BlockBeats News, August 22nd, President Trump responded to the news of the U.S. national debt surpassing $40 trillion, stating that this issue has been "around for 35 years," and the way to address the debt is "through growth." He mentioned that the U.S. is currently experiencing "very strong growth" and that this issue will be "easily resolved."

When asked if he had ever instructed the U.S. Treasury Secretary, Besen, to intervene in the bond market, Trump denied it, saying "absolutely not." Trump mentioned that Besen is a "very capable person" and that it was Besen's own initiative to take relevant actions, praising his "great instincts on bonds and interest rates."

Responding to a question about whether he discussed further intervention measures with Besen after the rise in Treasury yields, Trump said: "The ultimate intervention is our military, and we will use it when necessary."