Already a Bloomberg.com user?
Sign in with the same account.
U.S. Treasury secretary nominee Jack Lew said he will maintain the strong-dollar policy if he is confirmed.
“Treasury has had a longstanding position through administrations of both parties over many years that a strong dollar is in the best interests of promoting U.S. growth, productivity and competitiveness,” Lew said at his Senate confirmation hearing today. “If confirmed, I would not change that policy.”
Lew also said China’s currency is still undervalued.
To contact the reporters on this story: Ian Katz in Washington at email@example.com.
To contact the editor responsible for this story: Chris Wellisz at firstname.lastname@example.org