Politics · World
US Treasury Secretary Addresses Yen Intervention and Market Concerns
U.S. Treasury Secretary Scott Bessent addressed questions regarding a late July yen intervention, declining to specify the exact amount deployed. He also responded to Senator Elizabeth Warren's query about the intervention, offering a lesson on foreign exchange. Bessent stated that a disorderly yen would risk higher U.S. interest rates.
How outlets across the spectrum covered it
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- Centre (8): Bloomberg, CNBC, Channel News Asia, Financial Times, Mint, Reuters, South China Morning Post, The Japan Times