Bessent Defends Strong Dollar and Policy Certainty
Treasury Secretary Scott Bessent stated that the enduring strength of the US dollar stems from systemic credibility and regulatory certainty. He highlighted successful recent auctions and capital inflows at a congressional hearing.
Insights:
United States Treasury Secretary Scott Bessent defended the dollar during a Tuesday congressional hearing, pointing to trillions in inflows driven by policy certainty. The greenback remains robust as a reserve currency despite shifting global holdings. Bessent's remarks came during a House Financial Services Committee appearance on September 15.
