US Treasury Secretary Yellen points out G7 promises - in response to Mr. Trump's criticism of the appreciation of the dollar
2024/7/26 2:47 JST (some excerpts)
Trump criticizes 'big currency issues' based on manufacturer complaints
A strong economy, high interest rates, and a strong dollar are “naturally expected” - Yellen
Trump criticizes 'big currency issues' based on manufacturer complaints
A strong economy, high interest rates, and a strong dollar are “naturally expected” - Yellen
US Treasury Secretary Yellen was questioned about former President Trump's strong criticism of the dollar, and expressed the view that exchange rates should be determined in the market, citing the commitments of the 7 major countries (G7) central banks and finance ministers meetings.
“In the United States, monetary tightening policies have been in place since a few years ago,” and Secretary Yellen pointed out at a press conference in Rio de Janeiro that interest rates are at a higher level than other countries. He explained that “because of that, funds will flow in, and the dollar will become stronger,” and stated that “such a situation is naturally expected” due to a strong economy and inflation control policies. “The system should function like this,” he continued.
“In the United States, monetary tightening policies have been in place since a few years ago,” and Secretary Yellen pointed out at a press conference in Rio de Janeiro that interest rates are at a higher level than other countries. He explained that “because of that, funds will flow in, and the dollar will become stronger,” and stated that “such a situation is naturally expected” due to a strong economy and inflation control policies. “The system should function like this,” he continued.
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