🏛️ Bessent Breaks the Silence: "I Never Said I Support a Weak Dollar" 💵$BTC
The currency markets just got a major reality check. U.S. Treasury Secretary Scott Bessent is setting the record straight, dismissing rumors that he favors a "weak dollar" policy to boost exports.
In a sharp clarification via Yahoo Finance, Bessent emphasized that any previous comments suggesting he wanted a devalued USD were misinterpreted.
🔍 The Core Message
Market Stability First: Bessent stressed that the U.S. remains committed to a stable and strong currency, driven by market fundamentals rather than government manipulation.
Inflation Fighting: A weak dollar usually fuels inflation (by making imports more expensive). By backing a "Strong Dollar," Bessent is signaling that the Treasury is aligned with the Fed's goal of keeping prices stable.
Economic Growth: He argues that a strong dollar reflects the strength of the U.S. economy and attracts global investment.#ADPDataDisappoints #WhaleDeRiskETH #EthereumLayer2Rethink? #ADPWatch #TrumpEndsShutdown