Former U.S. Treasury Secretary Henry Paulson is pressing policymakers to put an emergency plan in place in case the demand for U.S. Treasurys suddenly collapses. In such a scenario, the fallout could be fast and devastating, and Paulson wants the government to be prepared.
The current geopolitical environment is adding to the uncertainty. The U.S. government is currently involved in a standoff with Iran, which directly impacts oil supply, as evident from surging oil prices over the last two months.
