Bessent Seeks Fed’s Help to Defend Yen in Unusual Public Call
2 sources·Updated August 3, 2026
Covered by 2 sources
- CNBC Top News·2h agoAnalysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
Treasury Secretary Scott Bessent wants to defend the yen without selling Treasurys into a sensitive U.S. bond market. The Federal Reserve could help.
Read at CNBC Top News → - Bloomberg Economics·3h agoBessent Seeks Fed’s Help to Defend Yen in Unusual Public Call
Treasury Secretary Scott Bessent’s call for the Federal Reserve to boost a facility that Japan can use to support its currency has put renewed attention on the ties between the two institutions, which typically operate at arm’s length.
Read at Bloomberg Economics →
