US Treasury Secretary Nominee Scott Bessent stresses the importance of maintaining the dollar as the world’s reserve asset to ensure US economic health. Bessent, Donald Trump’s nominee for the position, will testify before the Senate Finance Committee on Thursday, citing the need to secure supply chains and carefully deploy sanctions to address national security requirements while preserving the dollar’s global status.
Source: https://www.bloomberg.com/news/articles/2025-01-16/bessent-will-say-dollar-s-status-is-critical-to-us-economy