Skip to content

White House’s Deese Doesn’t Expect Another Plaza Accord Coming

  • 1985 Plaza Accord saw coordinated move to counter dollar surge
  • US currency’s current appreciation has drawn 1980s parallels
Brian Deese
Brian DeesePhotographer: Yuri Gripas/Abaca/Bloomberg
Updated on

White House National Economic Council Director Brian Deese said he didn’t expect another 1985-type agreement among major economies to counter the dollar’s strength.

“I don’t anticipate that that’s where we’re headed,” Deese said at an event at the Economic Club of Washington, DC when asked whether there was any possibility of a global agreement to adjust currency values, as was reached in 1985.