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| Tim Geithner |
Treasury Secretary Timothy F. Geithner said a “damaging dynamic” of large economies keeping their currencies undervalued can cause inflation and asset bubbles, and called on countries to coordinate their policies. “More and more countries face stronger pressure to lean against the market forces pushing up the value of their currencies,” Geithner said in a speech today at the Brookings Institution in Washington. He said currencies are “inherently a multilateral issue. It’s much easier to solve if countries come together and do things to complement each other.”
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| Tim Geithner's House |
Global exchange-rate policies are a source of contention ahead of this week’s meeting in Washington of the International Monetary Fund, World Bank and Group of 20 officials. Brazil’s Finance Minister Guido Mantega last week warned of a “currency war.” Read more here:
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