SCHIFF WARNS BESSENT’S BUYBACK PLAN RISKS INFLATION Peter Schiff warns that using the Treasury General Account to fund bond buybacks could shorten the average maturity of US debt, increasing exposure to short-term rates. He argues this would make future Fed rate hikes more costly by driving up federal interest expenses and deficits. Schiff says the strategy could ultimately lead to massive quantitative easing and higher inflation, reinforcing his bullish view on gold.(*Walter Bloomberg)