WSJ Front page—Officials Unfazed by Dollar Slide

Posted by Kendall Harmon

The U.S. dollar fell Thursday to its lowest point since the summer of 2008, but officials aren't showing signs that they are alarmed by the currency's descent or acting to stem it.

In recent days, the nation's top two economic policy makers—Federal Reserve Chairman Ben Bernanke and Treasury Secretary Tim Geithner—have publicly expressed their desire for a strong dollar. But there is little indication of a change in policy from either the Fed or Treasury—or in underlying economic conditions—that would alter the currency's downward course.

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Filed under: * Culture-WatchGlobalization* Economics, PoliticsEconomyThe U.S. GovernmentThe United States Currency (Dollar etc)

4 Comments
Posted April 29, 2011 at 6:30 am [Printer Friendly] [Print w/ comments]



1. Marie Blocher wrote:

It isn’t what you say, but what you do, that matters.

April 29, 9:00 am | [comment link]
2. Ad Orientem wrote:

Re # 1
Marie,
You are exactly correct.  Here in a nutshell is the dirty little secret of central bankers.  Their job is to debase currency.  They are all Keynesians and that means they are inflationists.  They believe inflation (up to a point) is good, and actively try to create it.

April 29, 5:39 pm | [comment link]
3. Chris wrote:

their conduct borders on criminal, period.

April 29, 10:56 pm | [comment link]
4. Tired of Hypocrisy wrote:

Their conduct shows they are a law unto themselves.

April 29, 11:18 pm | [comment link]
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