AT a recent news conference, Ben S. Bernanke, the Federal Reserve chairman, was asked about the falling dollar. He parried the question, saying that the Treasury secretary was the government?s spokesman on the exchange rate ? and, of course, that the United States favors a strong dollar.
Listening to that statement, I flashed back to one of my first experiences as an adviser to Barack Obama.
Related Topics: economy
Source: http://www.realclearpolitics.com/2011/05/22/a_strong_dollar_isn039t_always_a_good_thing_255861.html
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