US Treasury Secretary Archive
Bloomberg: Paulson continues weak USD policy
CBs, China, Currencies, Inflation
Aug 20, 2008
[Skip to the end] Seems Paulson is still blocking foreign CBs from accumulating USD financial assets. This is a negative for the USD and a negative for US real terms of trade. It does support US exports and reduces the need to add to domestic demand, even as US consumption remains low.
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