U.S. Treasury Secretary Reaffirms Strong Dollar Policy

U.S. Treasury Secretary Besant has expressed views on several key issues. According to ChainCatcher, he reiterated the United States' long-standing commitment to a strong dollar policy and clearly stated that there would be no intervention in the foreign exchange market to support the yen. Besant also noted that a reduction in the trade deficit is expected to boost the dollar. Additionally, he discussed the Federal Reserve's monetary policy stance, emphasizing that interest rate decisions are made independently by the Federal Reserve.