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The funding gap matters more than the label. Bessent defended yen intervention and Treasury buybacks, but calling the $5,000 check plan deficit-neutral without disclosing a funding source leaves a credibility test. My read: these tools could ease market strain, yet stabilizing rate expectations may depend more on a convincing fiscal account than on intervention itself.#FOMCRateCallThisWeek #CLARITYVoteFails50-49 #AISafetyDebateEscalates