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White House’s Kudlow Again Says Dollar Intervention Is Off the Table

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National Economic Council Director Larry Kudlow speaks with Bloomberg Television.(Source: Bloomberg)

White House economic adviser Larry Kudlow said the administration would not undertake currency intervention, one week after President Donald Trump explicitly said he had not ruled out taking steps on the dollar.

“We have ruled out any currency intervention,” Kudlow said in a Bloomberg Television interview Friday, answering a question about Trump’s July 26 dollar remarks which directly contradicted his own comments a few hours earlier on the topic.