Posted on Jan 26, 2018

US Treasury Secretary Steven Mnuchin Defends Weaker Dollar Remarks

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Is a weaker dollar on the global market truly in the best interest of US trade and economics? The word "cheap" is being emphasized in the bottomline of the Trump-Mnuchin strategy for US exports.

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Humor

Economy

International Trade US Department of the Treasury

Posted 7 y ago

Responses: 2

SCPO Jason McLaughlin

Posted 7 y ago

Historically, a weak dollar leads to higher inflation which is usually countered by the Fed by raising interest rates. Neither usually pans out well for the economy.

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