Economics
Mnuchin Says Strong Dollar Is Vote of Economic Confidence: WSJ
- Says he expects appreciation of the dollar over longer term
- New Treasury chief voices backing for strong-dollar policy
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The U.S. strong dollar mantra apparently won’t get drained along with the rest of Washington’s swamp.
Treasury Secretary Steven Mnuchin said a strong dollar signaled confidence in the American economy and that the currency’s appreciation over a longer horizon is “a good thing,” echoing a policy in place for more than two decades. In an interview with the Wall Street Journal, he added a caveat that short-term dollar gains can be good or can have “not so positive” effects.