Tag: bessent says
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US eyes airlines, digital assets as Iran-related targets, Bessent says
WASHINGTON, Sept 2 : U.S. Treasury Secretary Scott Bessent on Wednesday said airlines, the maritime industry and digital assets could be possible targets as the Trump administration continues its planned efforts to squeeze Iran’s economy.Bessent, asked about Russian support for Iran in an interview on Fox New
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Bessent says he believes Japan will take action leading to stronger yen
ASHEVILLE, North Carolina, Aug 31 : U.S. Treasury Secretary Scott Bessent told CNBC on Monday that he believes the Japanese government and the Bank of Japan will take action that leads to a stronger yen.”I have information that the market doesn’t have, and it’s my belief that the Japanese government and that
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Bessent says yen moves ‘pretty contained’ and not disorderly
ASHEVILLE, North Carolina, Aug 30 : U.S. Treasury Secretary Scott Bessent said on Sunday recent yen moves were “pretty well contained,” suggesting the Japanese currency’s renewed slides were not seen as the kind of disorderly moves that led to a rare joint Japan-U.S. intervention last month.The yen slid below
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Bessent says disorderly yen moves can destabilize global markets
Aug 29 : U.S. Treasury Secretary Scott Bessent said disorderly moves in the yen could trigger “forced unwinds” of positions that risk destabilizing global markets and ultimately raising borrowing costs for U.S. households and businesses. Bessent made the comments in a letter dated August 27 and posted on h
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