Bessent Touts a Strong Dollar After Trump Brushed Off Its Drop

Treasury Secretary Scott Bessent touted a strong-dollar policy on Wednesday, offering the greenback support a day after comments by President Donald Trump had sent the US currency tumbling.

“The US always has a strong dollar policy,” Bessent said in an interview on CNBC. “But a strong dollar policy means setting the right fundamentals,” he said. “If we have sound policies, the money will flow in.”

Bessent also said the US is “absolutely not” intervening in the currency market to sell the dollar against the yen. Asked whether the US might take such a step, he said that “we don’t comment ...