Scott Bessent, Donald Trump’s nominee for Treasury secretary, said on Wednesday that maintaining the US Dollar (USD) as the world’s reserve asset is important to US economic health and the nation’s future, per Bloomberg.
"We must secure supply chains that are vulnerable to strategic competitors, and we must carefully deploy sanctions as part of a whole-of-government approach to address our national security requirements,"
"And critically, we must ensure that the US dollar remains the world’s reserve currency."
"Trump was the first president in modern times to recognize the need to change our trade policy and stand up for American workers,"
"Productive investment that grows the economy must be prioritized over wasteful spending that drives inflation."
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