HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
In Davos dollar comments, Mnuchin fails on style and substance. Lawrence Summers, January 25, 2018, Opinion, "In Davos, Switzerland this week, Treasury Secretary Steven Mnuchin left the impression that he might be reversing 25 years of Treasury Department strong dollar policy by asserting that, “Obviously a weaker dollar is good for us as it relates to trade and opportunities.” The dollar then had its biggest one day decline in nearly a year and bond yields rose. Commerce Secretary Wilbur Ross later joined the fray claiming the U.S. strong dollar policy was unchanged, but this did not affect markets." Link