Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

Why a ‘strong dollar’ mantra will not keep the US currency from sliding

  • The real aim of such rhetoric would be to keep government borrowing costs down as fiscal and trade deficits grow. The dollar will be allowed to take the heat in the absence of runaway inflation

Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
Janet Yellen, US President-elect Joe Biden‘s nominee to be Treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team, at his transition headquarters in Wilmington, Delaware, on December 1. Photo: Reuters
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