HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Why Treasury secretaries should stick with the strong dollar mantra. Lawrence Summers, January 25, 2018, Opinion, "Yesterday in Davos, Secretary Steven Mnuchin left the impression that he might be reversing 25 years of US Treasury 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." Link