Financial Times (September 15)
2026/ 09/ 16 by jd in Global News
“Credibility is the most precious resource a Treasury secretary has” and Scott Bessent’s has gone up in flames. “For reasons even his defenders find hard to explain, Scott Bessent has been on a credibility-spending spree. Bessent told the currency markets last week that he was ‘the house’ and warned that nobody should bet against him. But the bond markets did and he lost. What weight will traders attach to his next pronouncement?”
Tags: Bessent, Bet, Bond markets, Credibility, Currency markets, Defenders, Lost, The house, Traders, Treasury secretary, Warned
