BusinessQuiet 76d · day 77
Bessent Lashes Out at Warren Over Yen Intervention Disclosure Demand
Treasury Secretary Scott Bessent accused Sen. Elizabeth Warren of not understanding FX markets after she pressed for details on a yen intervention.
What to know
- Treasury has not disclosed the size, execution rate, or current value of its yen intervention despite Warren's requests.
- Bessent's public response to Warren focused on personal criticism rather than releasing the requested figures.
- The exchange underscores unresolved questions about transparency in the U.S. Treasury's currency market operations.
Scott Bessent U.S. Treasury Secretary
Elizabeth Warren U.S. Senator (D-MA)
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