“I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies.”

“Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.”

“She knows even less about foreign exchange markets than she does about banking.”

Bessent never misses ???

Don’t test him!