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White House Bernstein says China wants the USD to weaken as international reserve currency
Jared Bernstein is a member of the White House Council of Economic Advisers. He was speaking before a US Senate Banking Committee hearing:said there was "some evidence" that China wants the dollar to weaken as the international reserve currencyurged Congress to raise the U.S. debt ceiling to protect the dollarsaid there is a "very solid benefit" of having the world's reserve currency, but also the costs, including the ability of China and other countries to manage their currencies to have a trad...
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Posted: Apr 18 2023, 23:31
Author Name: forexlive
Views: 082025