Bessent: Rate Cuts Don't Have To Break The Dollar

Bessent: Rate Cuts Don't Have To Break The Dollar With rate-hikes increasingly back 'on the table' fort Fed Chair Warsh's 'regime change' last week, Treasury Secretary Scott Bessent says that cutting interest rates won't necessarily lead to a weaker dollar - arguing that "you can have a strong dollar when rates are being cut" because if the fed is cutting because inflation is falling, while the economy stays strong - capital keeps flowing in and the dollar holds. Of course, that...

By Tyler Durden