The dollar is likely to remain under pressure for the next few months at least, but its weakness is not inconsistent with the Bush administration's strong dollar policy, former U.S. Treasury undersecretary Tim Adams said on Monday.Who are you going to believe? Me or your lying eyes?"A strong dollar policy is a pledge by the United States not to use the dollar as a tool to gain competitive advantage in global markets. So it's not inconsistent," Adams, who was the Treasury's top international official until last summer, told a conference in Hong Kong.
Monday, March 31, 2008
Doublespeak
Labels:
bush administration,
economy
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