US Treasury SecretaryJanet Yellen has strongly refuted allegations of manipulating the issuance of Treasury securities. These accusations were made by economist Nouriel Roubini who suggested that such manipulation was aimed at reducing real borrowing costs across the economy. What Happened: Yellen dismissed Roubini’s argument that the Treasury had a strategy to ease financial conditions, in an interview with Bloomberg. “I can assure you 100% that there is no such strategy. We have never, ever discussed anything of the sort,” Yellen said. The paper, co-authored by Roubini and Stephen Miran, a f…
