“Why would I want to blow up the global financial system? We believe that it is important to level set and give people a cure period, but they should know that that will move very quickly and that we are serious,”

Scott Bessent · said 2026-08-24 · reported 2026-08-26

Bessent said Monday that he did not want to blow up the global financial system and that the U.S. would give people a cure period before moving quickly on sanctions.