Scott Bessent is using moves from his hedge fund days to prop up Japan’s yen—and America’s $40 trillion national debt

The man who once shorted currencies is now propping them up. “He takes risks that other Treasury Secretaries over the past two generations wouldn't.” ...

Why Bessent Is Leaning on the Fed to Help Prop Up Japan’s Currency

The Treasury secretary wants the central bank to help by raising its $60 billion borrowing limit on an obscure lending ...

Analysis: How Bessent is pushing Warsh’s Fed to expand backstop for Japan’s yen defense

Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. The ...

Exclusive-Bessent's 'to do' list: buy $5-10 billion worth of Japanese yen, Reuters photo shows

By Daniel Heuer and David Lawder CAMP DAVID, Maryland, July 31 (Reuters) - U.S. Treasury Secretary Scott Bessent on Friday ...

Scott Bessent says America 'delivers' for 'trusted partners' as US, Japan confirm joint yen intervention: Economist says goal is to 'buy time'

The U.S. Treasury joined Japan’s Ministry of Finance in a coordinated yen-buying operation, with officials from both ...

Treasury Sec. Bessent: A stable yen is important not only for the U.S., but for the entire region

Treasury Secretary Scott Bessent joins 'Squawk Box' to discuss details of the U.S.-Japan yen intervention, what drove the U.S ...