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Lawrence H. Summers: In Davos dollar comments, Mnuchin fails on style and substance (access required)

In Davos, Switzerland this week, Treasury Secretary Steven Mnuchin left the impression that he might be reversing 25 years of Treasury Department strong dollar policy by asserting that, "Obviously a weaker dollar is good for us as it relates to trade and opportunities." The dollar then had its biggest one day decline in nearly a ...