Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Raskin Says Some Nations Need to Pursue Market-Based Currencies

Nov. 20 (Bloomberg) -- Some U.S. trading partners need to pursue policies that rely more on markets to set the value of their currencies, said Sarah Bloom Raskin, the Obama administration’s nominee to be the No. 2 official at the Treasury Department.

“I will go out on a limb here and speak specifically of China,” the world’s second-largest economy, Raskin said during a Senate Finance Committee hearing to consider her nomination to be deputy Treasury secretary.

“It’s incredibly important that we get the relationship with China right and my understanding is that there are a number of multilateral and bilateral forums that Treasury has been working through in order to bring about certain changes in those relationships, one having to do with moving towards a more market-based set of exchange rates,” she said.

To contact the reporter on this story: Kasia Klimasinska in Washington at kklimasinska@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.