Treasury Secretary Scott Bessent and Senator Elizabeth Warren Credits: Meet the Press and Gage Skidmore/Flickr
Treasury Secretary Scott Bessent recently smacked down Massachusetts Senator Elizabeth Warren and it was a thing of beauty.
Apparently, Warren sent Bessent a letter a few weeks ago claiming that she had ‘serious questions’ about foreign exchanges happening under Trump.
From Warren’s letter:
U.S. Senator Elizabeth Warren (D-Mass.), Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee, sent a letter to Secretary of the Treasury Scott Bessent pressing for more information regarding the Trump Administration’s decision to deploy its Exchange Stabilization Fund (ESF) to boost financial markets and inflate the Japanese yen after it rapidly dropped to a 40-year low. Warren noted that the Administration has yet to provide a detailed justification for its intervention, nor has it officially disclosed how much taxpayer-linked funds were spent purchasing yen.
“The mechanisms through which Treasury executed the yen purchase raise serious questions regarding the costs to American taxpayers,” wrote Ranking Member Warren.
Bessent’s response was EPIC. He posted it on Twitter/X. Here it is in full:
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, 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.
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial… pic.twitter.com/0mmp2tapqJ
— Treasury Secretary Scott Bessent (@SecScottBessent) August 28, 2026
Bessent is not playing.
I’d like to report a murder.
— TheJerseyGirl (@ChristineX2024) August 28, 2026
Warren just spends her days looking for any excuse to attack Trump and his administration.
She has become a troll. It’s great that Bessent just treated her like one.
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