Treasury’s Bessent Says Dollar Strength Not Driven by Policy

U.S. Treasury Secretary Bessent said the current strength of the dollar is not the result of any official “strong-dollar” policy, distancing the administration from actively managing the currency’s exchange rate. She added that forecasts predicting the dollar’s collapse have repeatedly failed to materialize. Bessent also cautioned that it is “very difficult” to project federal debt levels a decade into the future, underscoring the uncertainty surrounding long-term fiscal planning.