Posen Criticizes Bessent's Yen Stance as Dollar Nears Seven-Month Low

Adam Posen, president of the Peterson Institute for International Economics, told Bloomberg Television that Treasury Secretary Scott Bessent's challenge to traders to test his resolve on strengthening the yen amounts to bad policy, citing the longstanding line from former Secretary Robert Rubin that a strong dollar serves US interests [1]. The comments came as the dollar approached its lowest level in close to seven months while the yen rallied [3]. Traders were also watching for the US Treasury's buyback announcement and inflation data due later in the week [3].

Sources

1. bloomberg.com · Posen Says Bessent's 'Posturing' on Yen Is Ill-Advised Sep 9, 2026
2. bbc.co.uk · Tycoon to pay ex-wife $1.87bn in record South Korea divorce settlement Sep 9, 2026
3. bloomberg.com · Dollar Eyes Seven-Month Low With US Buybacks, Inflation In Focus Sep 9, 2026
4. click2houston.com · Asian shares are mixed as Brent crude approaches $100 a barrel Sep 9, 2026
5. click2houston.com · Asian shares and US futures decline, while oil prices press higher Sep 8, 2026
6. click2houston.com · Global shares are mixed as chipmaker shares rally in Tokyo and Seoul Sep 7, 2026
7. click2houston.com · Trump keeps heralding an economic boom, but even a solid jobs report is causing problems for him Sep 5, 2026
8. click2houston.com · US issues sanctions on Turkish bank that it calls a 'critical financial lifeline' for Iran Sep 4, 2026
9. khou.com · US job market rebounds with 162,000 new jobs; unemployment rate stays at 4.1% Sep 4, 2026
10. click2houston.com · Asian benchmarks trade mixed following rally on Wall Street led by technology issues Sep 4, 2026
11. marketwatch.com · Bessent says ‘I am the house now.’ What it means for the yen — and U.S. stocks. Sep 9, 2026

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