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Treasury's Mnuchin says U.S. plans no intervention on dollar -- not tonight, anyway
Mnuchin Says U.S. Doesn't Intend to Intervene on Dollar for Now
By Saleha Mohsin
Wednesday, August 29, 2019
Treasury Secretary Steven Mnuchin said that the Trump administration doesn’t intend to intervene in the dollar market right now, but signaled he’d prefer any future move be coordinated with the Federal Reserve and global allies.
The Treasury Department has “no intention of intervention at this time. Situations could change in the future but right now we are not contemplating an intervention,” Mnuchin said Wednesday in an interview with Bloomberg News in Washington.
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The Trump administration has considered measures to counter the dollar’s strength, including direct intervention. Officials said last month that intervention had been ruled out for the time being, though President Donald Trump has continued to lament the greenback’s strength. ...
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