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Scott Bessent

Scott Bessent

United States Secretary of the Treasury

259 related reports

Profile details

United States Secretary of the Treasury (2025–)

Born1962-08-21 · Conway, South Carolina
PartyRepublican
Offices
  • United States Secretary of the Treasury2025-01-28–presentPreceded by: Janet Yellen
  • Acting Commissioner of Internal Revenue2025-08-08–2026-03-06Preceded by: Billy Long
  • Acting Director of the Consumer Financial Protection Bureau2025-02-03–2025-02-07Preceded by: Zixta Martinez · Succeeded by: Russell Vought
EducationYale University (BA)

Wikipedia

Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons

Statements

What this person said on the record, as reported, newest first.

  • Scott Bessent
    Bessent Discussed the ‘Desirability’ of a Strong Yen With Katayama

    Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.

    Market reaction

    BBloomberg News 2026-09-26 01:30

  • Scott Bessent
    Bessent Pushes as BOJ Splinters Over Rate Hike

    The program examines the Bank of Japan’s rate increase at its fastest pace since 1990, along with debate over policy normalization and the wider economic discussion involving Bessent.

    Bank of Japan

    BBloomberg Television 2026-09-18 07:02

  • Scott Bessent
    Bank of Japan Set for Pivotal Rate Hike After Bessent Pressure

    The Bank of Japan is poised for a pivotal rate hike following pressure from Bessent.

    Bank of Japan

    BBloomberg News 2026-09-18 02:45

  • Scott Bessent
    Bessent Says US Used a ‘Nominal’ Amount in Yen Intervention

    US Treasury Secretary Scott Bessent says Washington’s engagement with Japan over currency intervention was part of an ongoing dialogue. He says Japan’s finance ministry is highly transparent with the US and that the amount used by the US was nominal.

    Market reaction

    BBloomberg Television 2026-09-15 17:20

  • Scott Bessent
    Bessent Tells Yen Traders: ‘I Am the House Now’

    Treasury Secretary Scott Bessent challenged traders to test his resolve to boost Japan’s currency, saying that if the US intervenes in the yen market, he has strong insight into the likely actions of Japan, the Bank of Japan and Japanese policymakers.

    Bank of Japan

    BBloomberg Television 2026-09-09 10:37

  • Scott Bessent
    ‘I am the house now’: Bessent warns currency traders not to bet against yen

    US Treasury secretary Scott Bessent warned currency traders against betting on a weaker yen. His comments came after last month’s rare joint intervention with Tokyo to support the Japanese currency.

    Market reaction

    FFinancial Times 2026-09-09 08:26

  • Scott Bessent
    Yen holds near 160 as Bessent pressures BOJ and bonds sell off

    The yen steadied near 160 per dollar on Tuesday after U.S. Treasury Secretary Scott Bessent intensified pressure on the Bank of Japan to raise rates this month. Investors remained cautious as bonds sold off following renewed attacks in the Gulf.

    Bank of Japan

    RReuters 2026-09-01 05:25

  • Scott Bessent
    Bessent says yen moves are ‘pretty contained,’ not disorderly

    U.S. Treasury Secretary Scott Bessent said Sunday that recent moves in the yen were “pretty well contained,” indicating that its renewed slide was not viewed as the kind of disorderly trading that prompted a rare joint Japan-U.S. intervention last month.

    Market reaction

    RReuters 2026-08-30 23:35

  • Scott Bessent
    Why Bessent Wants a Bigger Fed Backstop to Support the Yen

    The yen’s weakness has prompted one of the most dramatic currency-market interventions in decades. Japan and the United States began a joint effort in late July to bolster the currency. US Treasury Secretary Scott Bessent then surprised financial markets by calling for the Federal Reserve to enlarge an obscure lending program. He said the expanded support would aid Tokyo’s efforts to defend the yen.

    Market reactionOther

    BBloomberg News 2026-08-06 03:00

  • Scott Bessent
    Bessent says he is sure BOJ chief Ueda will ‘do what is best’, NHK reports

    U.S. Treasury Secretary Scott Bessent said he was confident that Bank of Japan Governor Kazuo Ueda would act in what he considers the best interest of Japan’s economy. Public broadcaster NHK reported the remarks on Wednesday. Bessent’s comment expressed trust in Ueda’s judgment regarding the country’s economic policy. No further policy action was specified.

    Bank of Japan

    RReuters 2026-08-05 00:10

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Related reports

Reports that mention this person, by story.

EconomyBessent Discussed the ‘Desirability’ of a Strong Yen With Katayama

Treasury Secretary Scott Bessent said his latest meeting with Japanese Finance Minister Satsuki Katayama included a discussion about the “desirability” of a strong yen.

US TreasuryJapanyenexchange rates

BBloomberg NewsOriginal★★★☆☆2026-09-26 01:30

Bessent Discussed the ‘Desirability’ of a Strong Yen With Katayama
Bessent Discussed the ‘Desirability’ of a Strong Yen With Katayama

EconomyThe BOJ’s Balancing Act With Bessent Is Only Going to Get Harder

Bank of Japan Governor Kazuo Ueda raised rates as US Treasury Secretary Scott Bessent wanted, but he is also facing pressure from his own government, making the balancing act increasingly difficult.

Bank of Japaninterest ratesUS Treasury

BBloomberg NewsOriginal★★★☆☆2026-09-21 03:37

The BOJ’s Balancing Act With Bessent Is Only Going to Get Harder
The BOJ’s Balancing Act With Bessent Is Only Going to Get Harder

EconomyBessent Pushes as BOJ Splinters Over Rate Hike

The program examines the Bank of Japan’s rate increase at its fastest pace since 1990, along with debate over policy normalization and the wider economic discussion involving Bessent.

Bank of Japaninterest ratesmonetary policy

BBloomberg TelevisionOriginal★★★☆☆2026-09-18 07:02

Bessent Pushes as BOJ Splinters Over Rate Hike
Bessent Pushes as BOJ Splinters Over Rate Hike

EconomyInsight: How Bessent, America’s ‘bond salesman,’ pressured Japan on spending

When Japanese Finance Minister Satsuki Katayama called U.S. Treasury Secretary Scott Bessent in June for help supporting the plunging yen, he delivered a familiar message: Tokyo would need to put its fiscal house in order if it wanted assistance.

U.S. fiscal policyJapanyenbond markets

RReutersOriginal★★★☆☆2026-09-17 23:15

Insight: How Bessent, America’s ‘bond salesman,’ pressured Japan on spending
Insight: How Bessent, America’s ‘bond salesman,’ pressured Japan on spending

EconomyBessent Says US Used a ‘Nominal’ Amount in Yen Intervention

US Treasury Secretary Scott Bessent says Washington’s engagement with Japan over currency intervention was part of an ongoing dialogue. He says Japan’s finance ministry is highly transparent with the US and that the amount used by the US was nominal.

US TreasuryJapanyen intervention

BBloomberg TelevisionOriginal★★☆☆☆2026-09-15 17:20

Bessent Says US Used a ‘Nominal’ Amount in Yen Intervention
Bessent Says US Used a ‘Nominal’ Amount in Yen Intervention

EconomyBessent intervention risks damaging BoJ credibility, bankers warn

Bankers warn that US Treasury Secretary Scott Bessent’s claims of insider knowledge could erode market perceptions of the Bank of Japan’s independence.

US TreasuryBank of Japancentral bank independence

FFinancial TimesOriginal★★★☆☆2026-09-11 05:51

Bessent intervention risks damaging BoJ credibility, bankers warn

EconomyBessent Yen Jawboning Risks Raising Expectations BOJ Can’t Meet

Scott Bessent’s public campaign to push up the yen is lifting expectations that the Bank of Japan will embark on monetary tightening on a scale unseen for more than a generation. Markets could be disrupted if policymakers fail to deliver.

Japanese yenBank of Japanmonetary policy

BBloomberg NewsOriginal★★★☆☆2026-09-09 22:00

Bessent Yen Jawboning Risks Raising Expectations BOJ Can’t Meet
Bessent Yen Jawboning Risks Raising Expectations BOJ Can’t Meet

EconomyBessent Tells Yen Traders: ‘I Am the House Now’

Treasury Secretary Scott Bessent challenged traders to test his resolve to boost Japan’s currency, saying that if the US intervenes in the yen market, he has strong insight into the likely actions of Japan, the Bank of Japan and Japanese policymakers.

Japanese yenUS TreasuryBank of Japan

BBloomberg TelevisionOriginal★★★☆☆2026-09-09 10:37

Bessent Tells Yen Traders: ‘I Am the House Now’
Bessent Tells Yen Traders: ‘I Am the House Now’
Show more