Treasury Secretary Scott Bessent tells CNBC that the administration's 'strong dollar' policy is about economic fundamentals, not market intervention. Speaking on January 28, Bessent emphasized structural changes such as reducing trade deficits and enhancing capital inflows.
When asked about potential US involvement in supporting the yen, Bessent's response was direct: 'Absolutely not.' He reaffirmed the goal of maintaining the dollar as the world's reserve currency.
The dollar index rebounded 0.4% following his remarks, reflecting market confidence in a fundamentals-driven approach rather than direct currency manipulation.