The fantasy of the free-floating dollar

Mnuchin was on the money

The floating dollar.
(Image credit: Illustrated | Image courtesy iStock)

Question: Should the U.S. maintain a strong dollar? Answer from U.S. Treasury Secretary Steven Mnuchin: Meh.

"Obviously, a weaker dollar is good for us as it relates to trade and opportunities," he told reporters Wednesday in Davos, adding that the recent fall of the dollar is "not a concern of ours at all."

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.