Congress spending out of control while Fed loses grip on rates and buyers demand over 4.5% for treasuries, fueling fresh calls to End the Fed

Dose of reality: Congress is spending, printing, and borrowing so much that the Fed has lost its ability to “set rates.” Banks and foreign governments who buy our 10 year U.S. treasuries are demanding more than 4.5% return. BBB makes it worse. Would be a great time to #EndTheFed pic.twitter.com/5G8ZUIsn6d

— Thomas Massie (@RepThomasMassie) June 21, 2025