DrLove
Diamond Member
Yet another of Donnie Dotard's incompetent sycophants is creating international chaos --- and it's early .. Dotard hasn't arrived as yet. While true that a weaker dollar can sometimes help with exports, Treasury Secretaries do NOT talk about the dollar. What a F-ing idiot. You should have seen the cons on Morning Joe and Squawk Box shaking their collective heads earlier. Just DAYUM.
A weaker dollar is good for the US, Treasury Secretary Mnuchin says
Treasury Secretary Steven Mnuchin said the U.S. is open for business and welcomed a weaker dollar, saying that it would benefit the country.
Speaking at a press conference at the World Economic Forum in DavosWednesday, he made a bid for investment into the U.S., saying the government was committed to growth of 3 percent or higher.
"Obviously a weaker dollar is good for us as it relates to trade and opportunities," Mnuchin told reporters in Davos, according to Bloomberg, adding that the currency's short term value is "not a concern of ours at all."
The dollar dipped slightly after his comments and hit a session low, with the dollar index slipping 0.47 percent for the day. The British pound climbed to a post-Brexit vote high shortly after 8:30 a.m. London time.
Speaking at a press conference at the World Economic Forum in DavosWednesday, he made a bid for investment into the U.S., saying the government was committed to growth of 3 percent or higher.
"Obviously a weaker dollar is good for us as it relates to trade and opportunities," Mnuchin told reporters in Davos, according to Bloomberg, adding that the currency's short term value is "not a concern of ours at all."
The dollar dipped slightly after his comments and hit a session low, with the dollar index slipping 0.47 percent for the day. The British pound climbed to a post-Brexit vote high shortly after 8:30 a.m. London time.
A weaker dollar is good for the US, Treasury Secretary Mnuchin says