The White House declined to echo Treasury Secretary Steven Mnuchin’s comment that a weaker dollar helps the United States.
The White House declined Wednesday to echo Treasury Secretary Steven Mnuchin ‘s comment that a weaker dollar helps the United States.
Press secretary Sarah Huckabee Sanders told reporters that the dollar is « stable » and reflects a « strong » American economy. When pressed if President Donald Trump supports a stronger or weaker dollar, she did not specify.
« We believe in free-floating currency. The president has always believed in that, » Sanders said.
Earlier, Mnuchin said « a weaker dollar is good for us as it relates to trade and opportunities. » U. S. Treasury secretaries typically talk up a strong dollar.
The greenback fell against a trade-weighted basket of global currencies after Mnuchin’s comment. The dollar index was down about 1 percent Wednesday afternoon.
