Bessent Becomes Most Interventionist Treasury Chief in Decades

Published on August 20, 2026

With a slew of unexpected maneuvers this year, Scott Bessent has emerged as the most interventionist Treasury secretary in financial markets in decades — putting his credibility on the line in an effort to quell a potentially damaging rise in US borrowing costs.

Continue reading on website
Other news

Unemployment Insurance Weekly Claims Report

August 20, 2026
In the week ending August 15, the advance figure for seasonally adjusted initial claims was 206,000, a decrease of 6,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 209,000 to 212,000. The 4-week moving average was 204,000, an increase of 4,250 from the previous week's revised average. The previous week's average was revised up by 750 from 199,000

$6M 'Gift' Prompts Advisor Concern Over Forbes Rankings

August 20, 2026
Randall Lane's undisclosed $6 million payment from Shook Research's founder has left some advisors worried about the credibility of wealth advisor rankings going forward.