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Warren vs Bessent on Yen Intervention | Cheyenne News
Senator Elizabeth Warren clashed with Treasury Secretary Scott Bessent over the U.S. using its Exchange Stabilization Fund to buy Japanese yen, sparking a fiery exchange that went viral — Bessent cheekily offered her a “Foreign Exchange for Dummies” crash course. He clarified no new taxpayer money was spent and no credit extended to Japan, citing Section 5302 as legal authority to stabilize markets. The move came as the G20 Finance Track convened in Asheville, amid fears of global market chaos if the yen collapses further — a rare intervention since 1998. Meanwhile, Warren’s progressive ties…
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