Bessent Calls Excess Forex Volatility Undesirable

HEADLINES

Washington, Jan. 14 (Jiji Press)–U.S. Treasury Secretary Scott Bessent at a recent meeting with Japan’s finance chief noted that excess volatility in foreign exchange rates is undesirable, the Treasury Department said Wednesday. Bessent noted “the inherent undesirability of excess exchange rate volatility” at the meeting, the department said, adding that the secretary “also emphasized the …