U.S. Officials Not Too Worried By Dollar Surging While Central Banks Split on Policy

The dollar is surging. U.S. policy makers look prepared to live with it.

While officials have pointed to the difficulties posed by the currency’s rise -- it holds back economic growth and suppresses already too-low inflation -- they’ve indicated no willingness to stand in its way. Treasury Secretary Jacob J. Lew has repeated the mantra that a strong dollar is in America’s interest, while Federal Reserve Vice Chairman Stanley Fischer has said it’s a sign of U.S. economic might.