Lew Says He Will Maintain Strong Dollar Policy If ConfirmedIan Katz and Kevin Costelloe
U.S. Treasury secretary nominee Jack Lew said he will maintain the strong-dollar policy if he is confirmed.
“Treasury has had a longstanding position through administrations of both parties over many years that a strong dollar is in the best interests of promoting U.S. growth, productivity and competitiveness,” Lew said at his Senate confirmation hearing today. “If confirmed, I would not change that policy.”
Lew also said China’s currency is still undervalued.