Peter Tchir, head of macro strategy at Academy Securities, calls the US Treasury Department’s move to increase its planned purchases of outstanding 10-year to 30-year debt “kind of mediocre” and says the Federal Reserve needs to talk about cutting rates and take hikes off the table.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-20/fed-s-warsh-needs-to-launch-operation-twist-tchir-says-video)