Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
- Posted on August 3, 2026
- By CNBC
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- 1 min read
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Analysis: Federal Reserve may be pulled into Bessent’s effort to support Japan’s yen
Treasury Secretary Scott Bessent wants to defend the yen without selling Treasuries into a sensitive U.S. bond market. The Federal Reserve could help.