Mnuchin says strong dollar can have drawbacks, citing exports

pity USD

Booooooooooo, how much u got for appearing and talking shit fuker

He looked like Ali G with them glasses on.

"Mnuchin says strong dollar can have drawbacks, citing exports" = "Hey guys, we need to make some quick money here today"

he also said a strong dollar put confident to America economy, that means the gov are not worried about a strong dollar

@Upasna what does this news has impact on USD??

Steve Mnuchin
Treasury Secretary Steven Mnuchin told CNBC on Tuesday the Federal Reserve is doing the right thing by winding down its balance sheet.

In an appearance on "Squawk Box," Mnuchin said he spoke with Fed Chair Janet Yellen on what policymakers are trying to do.

"We think it's the right thing for them to get out of their large portfolio. It was something that they did in a unique period of time and obviously, it has to be reversed," he said.

Effectively the parked trillions of assets that had no market value on balance sheet that is a facade. Now 9 years later all of that crap is being sold into pensions and unsuspecting dolts seeking hi yield. Check the rules a deposit account in a bank is now considered to be an unsecured loan to that bank.