06.02.2026 02:23
U.S. Treasury Secretary Scott Bessent claimed that leaders in Iran are transferring money out of the country. In his statement, Bessent said, "This is a good sign that they know the end is near."
U.S. Treasury Secretary Scott Bessent stated that Iranian leaders are transferring money out of the country "like crazy," adding, "This is a good sign that they know the end is near."
Bessent spoke during a session on the annual report of the Financial Stability Oversight Council (FSOC) held by the U.S. Senate Committee on Banking, Housing, and Urban Affairs.
Stating that they have created a dollar shortage in Iran, Bessent noted that this peaked with the collapse of one of the largest banks in Iran last December.
"IRANIAN LEADERS TRANSFERRED MONEY OUT OF THE COUNTRY"
Bessent explained that this is why the Central Bank of Iran had to print money, that the Iranian currency has gone into free fall, inflation has exploded, and as a result, the people have taken to the streets.
Expressing that they will continue to monitor Iran, Bessent said, "We have seen Iranian leaders transferring money out of the country like crazy, meaning the rats are leaving the ship. This is a good sign that they know the end is near."
"TRUMP'S THREAT TO SUE WARSH IF HE DOESN'T LOWER INTEREST RATES WAS A JOKE"
On the other hand, when Democratic Senator Elizabeth Warren asked Bessent whether U.S. Federal Reserve (Fed) Chairman nominee Kevin Warsh could guarantee that he would not be sued or investigated by the Department of Justice if he did not lower interest rates as President Donald Trump wanted, Bessent replied, "That's up to the President."
Bessent stated that Trump's comments about suing Warsh if he does not lower interest rates were "a joke."