US Treasury Chief Defends Financial Foreign Policy
US Treasury Secretary Scott Bessent defended using American financial power as a foreign policy tool to support allies. Bessent also highlighted recent joint market interventions involving the Japanese yen.
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United States Treasury Secretary Scott Bessent defended using national financial power as a foreign policy tool on Tuesday afternoon, aiming to advance the interests of allies abroad. The strategy marks an open acknowledgment of Washington's willingness to leverage economic resources to shape foreign politics. The approach includes supporting the Milei government in Argentina and intervening in currency markets.
