- US will never seek to weaken dollar for trade advantage
- Fed will manage inflation
- US confidence must be earned over time
- Urges Congress to raise debt limit
Whether you believe him or not, this is the first dollar comment from the Treasury Secretary in memory. Perhaps Washington is getting the message that confidence in the administration is at a low point globally…It also shows they are at least willing to pay lip-service to a strong dollar policy, something that has been in doubt given the silence (until now) from Geithner and Co.)