Treasury Secretary Bessent said the U.S. dollar remains strong as a reserve currency, citing global trading volume growth as evidence of “the credibility of our system and the measures taken by this administration.” Speaking at a congressional hearing, Bessent said a strong dollar is “not a price on a screen” but a reflection of policy actions, including regulatory, tax, trade and energy certainty. He said these measures are bringing trillions of dollars to the United States, while other countries continue increasing holdings despite reductions by countries such as Russia.