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Jai Hamid

After Jan. 27 dollar remark, Scott Bessent calls split with Trump a "false choice"

On Jan. 27, Donald Trump said he wasn't concerned about a weakening dollar; the next day, Treasury Secretary Scott Bessent reiterated a "strong dollar policy." On Friday, he told CNBC it was a "false choice" to frame their stances as conflicting. The dollar fell after Trump's remarks and later rose following Bessent's comments; he also said the administration respects Fed independence.
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