Discussion on Bond Market Interventions

So that's all money. No, no taxpayer money for the ballroom at all.

Mr. President, did you, did you direct Secretary Bessent to

intervene in the bond

market with your idea-

No, not at all

... to him?

No, he's a very capable man. He wanted to do it. He's very good at it.

He has a good touch, very good natural touch for the bonds and

interest, and, uh, he did that. Yeah.

The yields have come back up since then.

Have you talked to him about another type of intervention?

Is that something he will be doing?

We have many types of intervention. That's one.

The ultimate intervention is our military, and, uh, if we have to

use that, we will. Yeah.

Mr. President, new-