Like hell it does.
Everyone knows Yellen raised rates last Dec. and while last Sept. a 4-week T-bill went for zero %, it's now soared to 0.25%. 3-month jumped more than that and the rise is across the board into 1-year T-bills. Misis.org is crazy; the Fed does monetary policy (regulates the dollar's value) and congress does fiscal policy (tax'n'spending). The U.S. gov't could default if it wanted and it would make a damn bit of difference to the Fed.
But the U.S. won't default. OK, so U.S. gov't interest payments will soar five-fold from the current $230B to $1T and change. (Just in time for the new president.) This could mean spending cuts, tax hikes or both.
Hey, nobody wanted zero interest rates and easy money so this is the alternative.
Yeah sure. Surged from 0 pct to 0.25 pct LOL! You’re not fooling anyone here.