Mnuchin Says Long-Term Strength of U.S. Dollar Is Important
- Trump saying currency too high wasn’t long-run policy, he says
- Treasury secretary nominee speaks in his confirmation hearing
Mnuchin: Long-Term Strength of Dollar Important
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Treasury Secretary nominee Steven Mnuchin told lawmakers the long-term strength of the U.S. dollar is important and said President-elect Donald Trump’s comments that the currency was too high weren’t meant as a longer-run policy.
The dollar’s “long-term strength -- over long periods of time -- is important,” Mnuchin said in response to questions at his confirmation hearing Thursday before the Senate Finance Committee in Washington. “The U.S. currency has been the most attractive currency to be in for very, very long periods of time. I think that it’s important and I think you see that now more than ever.”