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Yellen, Asked on Trump Dollar Remarks, Flags G-7 Commitments
Treasury Secretary Janet Yellen highlighted commitments by Group of Seven nations backing market-set exchange rates when asked about recent remarks by former President Donald Trump that blamed a strong dollar for hurting US export competitiveness. “Over the last several years, the United States has had tight monetary policy,” with higher interest rates than in other parts of the world, Yellen said at a press conference Thursday in Rio de Janeiro. “That’s induced capital inflows that have strengthened the dollar — that’s really something to be expected” in the case of a strong economy and a central bank ... (full story)
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- Posted: Jul 25, 2024 12:55pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 2,651
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