September 23, 2018 — The US Treasury is due in October to submit its biannual report to Congress on what countries, if any, are manipulating their currencies to gain unfair trade advantage. President Trump has recently resumed the accusation against China that he made during the election campaign.
March 5, 2018 — Why has the dollar fallen since January 2017? My answer is an economic turnaround in the rest of the world. Also the level of the dollar remains rather high. But Larry Summers has a different answer.
(March 25, 2017) US Treasury Secretary Steven Mnuchin already finds himself hemmed in on all sides.
Domestic constraints come from the promises that he and President Trump have made and the laws of arithmetic. How, for example, is he ever going to be able to reconcile the specific tax proposals that candidate Trump campaigned on with the promise of the “Mnuchin rule” that taxes won’t be cut for the rich?