Bessent Says Warren Doesn't Understand FX Markets, Criticizes Yen-Support Letter
Summary
- US Treasury Secretary Scott Bessent criticized a letter sent by Senator Elizabeth Warren regarding US support for the yen market.
- Bessent said Warren does not know much about banks and knows even less about foreign-exchange markets.
- Rather than citing specific problems with Warren's letter, Bessent criticized her lack of understanding of the foreign-exchange market.
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US Treasury Secretary Scott Bessent criticized a letter sent by Senator Elizabeth Warren regarding US support for the yen market.
Cointelegraph reported on Aug. 28 that Bessent, referring to Warren's letter, said, "She doesn't know much about banks, but she knows even less about foreign-exchange markets."
Warren had earlier sent a letter about the US government's support for the yen market.
Bessent did not spell out specific problems with the letter. Instead, he said Warren lacked an understanding of the foreign-exchange market.
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