Treasury Secretary Scott Bessent and Sen.
Elizabeth Warren (D-Mass.) have turned a dispute over the Donald Trump administration’s intervention in the Japanese yen into a sharp clash.
Scott Bessent Slams Elizabeth Warren Over Yen Intervention On Friday, Bessent escalated the dispute after Warren pressed him for details about the U.S. intervention to support the yen.
"In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking," Bessent wrote on X, referring to Warren’s Aug. 13 letter.
Bessent also suggested Warren and her staff take an introductory course in international finance, offering to provide a "Foreign Exchange for Dummies" tutorial.
