Tags: Timothy Giethner

Geithner: US Won't Follow Weak-Dollar Strategies

Tuesday, 26 Apr 2011 10:16 AM

US Treasury Secretary Timothy Geithner vowed Tuesday that the United States would never follow a strategy to weaken the US dollar.

"Our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country," Geithner said at a New York conference organized by the Council of Foreign Relations.

"We will never embrace a strategy to weaken the dollar."

It was the first time this year that Geithner had publicly proclaimed a US strong-dollar policy, a mantra of treasury secretaries for more than a decade.

In the year to date, the dollar has lost 6.5 percent of its value compared with a basket of currencies held by its major trade partners.

© AFP 2015

1Like our page
2Share
US
US Treasury Secretary Timothy Geithner vowed Tuesday that the United States would never follow a strategy to weaken the US dollar. Our policy has been and will always be, as long as I will be in office, that a strong dollar is in the interest of the country, Geithner...
Timothy Giethner
124
2011-16-26
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved