European Central Bankers Express Concerns Over U.S. Policy Turbulence

European central bankers are reportedly concerned about potential further strains in transatlantic financial cooperation following recent U.S. policy moves, according to Reuters. A key point of concern was the U.S. Treasury's August 1 intervention to support the Japanese yen, where European officials were frustrated by the lack of customary advance notice. Additionally, plans by Treasury Secretary Scott Bessent to increase buybacks of longer-dated Treasuries, potentially financed by shorter-term debt issuance, raised fears that Washington might be willing to intervene more actively to reduce borrowing costs.