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Scott Bessent: “The dollar bottomed almost to the day that the tax bill was…”

Featuring: Scott Bessent, Republican | Secretary of the Treasury | National

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Published | Video Starts at 30:53

And any currency theory would tell you when you get a bigger fiscal spend, currency strong. So you euro should be strong. But what we're seeing in President Trump's first term, The dollar bottomed almost to the day that the tax bill was passed in December 2017. Go back and look at a chart. Guess when the dollar bottomed. Right around July 4th, when the one big beautiful bill was passed. Why? Because the outlook for the economy changes. (30:53–30:59)

CLAIM

Asserts that the U.S. dollar reached its lowest point around the time the tax bill was passed in December 2017.

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