U.S. Treasury Secretary Steven Mnuchin said on Saturday he had learnt the hard w...
U.S. Treasury Secretary Steven Mnuchin speaks at Chatham House in London, Britain, January 25, 2020. REUTERS/Henry Nicholls
“I support a stable dollar but I’m not going to make more comments on that,” he said at an event held at the Chatham House think tank in London. “One of the things I’ve clearly learned as treasury secretary, I’m very careful about my comments on the dollar, because two years ago in Davos, I sneezed, and I said something that I thought was completely calm, and all of a sudden the markets went crazy,” he told the audience.
“I suspect by saying ‘stable’, that might mean for the rest of the world: Don’t assume the dollar is always going to be going up,” O’Neill said, adding: “That’s my own subjective interpretation.”
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