Geithner Says U.S. Is Considering Ways to Push China on Yuan

Treasury Secretary Timothy F. Geithner said the U.S. isn’t satisfied with the pace of yuan gains and is considering ways to urge China to let the currency rise faster.

“The pace of appreciation has been too slow and the extent of appreciation too limited,” Geithner said in testimony prepared for a congressional hearing today. “We are examining the important question of what mix of tools, those available to the United States and multilateral approaches, might help encourage the Chinese authorities to move more quickly.”