Bessent faces G20 ‘credibility test’
The US Treasury secretary will attempt to sell Washington’s economic agenda at this week’s G20 finance meeting.
US Treasury Secretary Scott Bessent faces a "credibility test" at the upcoming G20 finance meeting, as he attempts to promote Washington's economic agenda amid global concerns over US debt and the economic fallout from the Iran war. Recent interventions by Bessent, such as propping up the Japanese yen and doubling Treasury's bond purchases, have raised questions about his credibility and may undermine his ability to sway global colleagues on issues like AI oversight and economically isolating Tehran.
Additionally, Bessent will have to persuade European officials, who were outraged by Washington's decision to invite Russia's financial chief to the gathering. German Finance Minister Christian Lindner recently blamed the US' war with Iran for global bond market turmoil and called the move "a signal I find troubling."
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Also reported by 1 other outlet
- G20 faces fresh tensions as Bessent pushes US agenda qatar-tribune.com
