Scott Bessent, the U.S. Treasury Secretary, attempted to downplay the recent weakening of the U.S. dollar, calling it a natural 'correction' due to traders waiting for new economic signals and political measures. He noted that the dollar had previously strengthened after Trump's election, but has since weakened due to concerns about economic growth amid escalating trade wars and expectations of interest rate cuts. Bessent emphasized the government's work on a tax cut package to create economic stability and warned that a government shutdown would be 'incredibly damaging.' He rejected the notion that his previous comments about a 'detoxification' period indicated an impending recession, aiming instead for a smooth transition to growth based on private sector activity. Teljes cikk (Portfolio.hu)