The Uninvited Guest at the Market's Party Scott Bessent, US Treasury Secretary, recently made a bold claim in a speech, proclaiming "I am the house now.
" This statement, while audacious, is more than just a boast – it reflects the increasingly uncertain economic climate.
The US has been actively intervening in foreign exchange markets, particularly with regards to the yen, as part of an effort to prop up its ally Japan's currency.