There’s been “no fiat debasement”? The Treasury just posted the worst October budget deficit in history, a recession is coming, and Trump is preparing to appoint a dovish Fed chair.
TRUMP FED CHAIR ANNOUNCEMENT LIKELY THIS WEEK Sources, including Treasury Secretary Scott Bessent, say Trump has made his Fed Chair pick, with a strong chance of a reveal before Christmas. Trump confirmed on Air Force One that the announcement is coming soon, possibly Dec. 2–3.… pic.twitter.com/E7T1WnottL — *Walter Bloomberg (@DeItaone) December 1, 2025 Treasury just …