White House Denies Secret Deal to Weaken Dollar Amid Market Speculation

BTCC / BTCC Square / Global Cryptocurrency /

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2025-05-22 21:31:01

The WHITE House has firmly denied any covert efforts to devalue the U.S. dollar, with Stephen Miran of the Council of Economic Advisers dismissing such claims as baseless. "We’re not secretly at work on any of this stuff. There’s nothing there," Miran stated during an interview on Bloomberg’s Big Take DC podcast. Treasury Secretary Scott Bessent remains the sole official voice on currency policy.

Market turbulence followed President Trump’s decision to pause reciprocal tariffs, fueling speculation about hidden agendas. Currency fluctuations rippled across Asian markets, highlighting the fragility of investor sentiment in the face of geopolitical uncertainty.

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