Bessent Says Recent Decline in Dollar Is a Natural ‘Adjustment’
Scott Bessent outside the White House on March 13.
Photographer: Yuri Gripas/Abaca/Bloomberg
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Treasury Secretary Scott Bessent played down the recent decline in the US dollar, saying it was a natural “adjustment” as traders adopt a wait-and-see attitude toward a barrage of new economic signals and policies.
“The US dollar priced in a lot after President Trump’s victory and the Republican sweep” of Congress, Bessent said in an interview with CNBC Thursday. “It’s natural to see an adjustment.”