US Treasury Secretary Scott Bessent sends a scathing letter to Senator Elizabeth Warren & recommends tutorial: Foreign Exchange for Dummies

Treasury Secretary Scott Bessent publicly criticized Senator Elizabeth Warren's letter on foreign exchange markets, saying it showed she knows less about FX than about banking. He also faulted media coverage, claiming no reporter had enough financial literacy to catch what he called her remedial error. Bessent reiterated that under the President, the US delivers for trusted partners. He suggested Warren take an entry-level international finance course or accept his personal tutorial, "Foreign Exchange for Dummies," and said he hopes her next letter shows she learned the difference between a currency purchase and a swap or a loan.

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