US Treasury Secretary Bessent Faces G20 Credibility Test Amid Interventions, Vows to Refocus on Growth
US Treasury Secretary Scott Bessent's interventionist summer has led to pushback and questions about his credibility in financial markets. Ahead of the G20 finance ministers' meeting in Asheville, North Carolina, on Monday, Bessent has vowed to return the conversation among top economic policymakers to boosting growth. However, the biggest threats to global growth this year stem from high energy prices due to President Trump's war on Iran and the impact of US tariffs from a new trade war against Canada.
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