Bessent says ‘I am the house now.’ What it means for the yen — and U.S. stocks.
Bessent says ‘I am the house now.’ What it means for the yen — and U.S. stocks.
Treasury Secretary Scott Bessent has never been accused of being a wallflower, but speaking in front of Southern Methodist University’s business school on Tuesday night he made perhaps the most strident comment of his governmental career.
Bessent was speaking not just of the Treasury’s recent intervention in support of the Japanese yen but also of the American efforts to shore up the Argentine peso ahead of the last election.
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