Biden Brushes Off Risks of Strong Dollar on Global Economy

President blames lack of growth and ‘sound policy’ abroad
Yellen defended market-based exchange rate to global audience

President Joe Biden speaks during an event in Portland, Oregon, on Oct. 15.Photographer: Saul Loeb/AFP/Getty Images

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By Akayla Gardner

October 15, 2022 at 11:38 PM UTC

Updated on

October 16, 2022 at 2:28 AM UTC

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President Joe Biden dismissed the risks of a strong US dollar and instead blamed anemic growth and policy missteps in other parts of the world for dragging down the global economy.

“I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world,” Biden told reporters on Saturday during a campaign stop in Portland, Oregon. “Our economy is strong as hell.”