'Absolutely not': Bessent shuts down report of potential U.S. currency intervention
Government
Treasury Secretary Scott Bessent on Wednesday shut down reports that the U.S. could step into the currency market with the Japanese yen on intervention watch and the American dollar hitting multiyear lows. "Absolutely not," Bessent told CNBC's Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening the yen. The U.S. dollar index , which tracks the American currency against a basket of foreign peers, fell 1.3% on Tuesday, marking its biggest
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