Skip to content
Subscriber Only

Geithner Signals China Causing Global Currency Interventions

U.S. Treasury Secretary Timothy F. Geithner blamed China’s policy of limiting gains in the yuan for contributing to a round of capital controls and currency-market interventions by emerging economies.

“What’s happening is, as China holds its currency down, their currencies are moving up and they’re having to work very hard to make sure they’re not at an unfair disadvantage with China,” Geithner said in an interview with “Charlie Rose” scheduled to air on PBS yesterday and Bloomberg Television today.