-
Mnuchin: "No Chance For Currency War"
It's damage control time. In the aftermath of Trump's comments from late last week, in which the president slammed both the higher dollar (which "puts us at a disadvantage") and rising rates ("tightening now hurts all that we have done"), implying he was generally displeased with the Fed's monetary policies if later saying he "respects the independence of the Fed" (something LBJ, for one, did not) the financial media has been flooded with stories about a currency war - some 44 on Friday just on Bloomberg - such as this one: "Currency War Erupts, Threatening to Ripple Across Global Markets." Even the traditionally ... (full story)