Geithner Wants Strong US Dollar

Yeah, don't we all little Timmy. The reality is the rest of us really can't do anything about it, but you and your boss can. The real question is: will you?

Don't hold your breath kids.

Treasury Secretary Timothy Geithner said on Wednesday he believes strongly in the need to maintain a strong dollar and said the United States was determined to get its budget deficit down.

The dollar's decline has been a source of concern in the export-heavy region, especially since top exporter China keeps its currency's value closely managed against the U.S. dollar and so felt less impact on prices for its exports than other Asian nations that let their currencies float freely.

"I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar," Geithner said in a meeting with Japanese reporters at the U.S. embassy.

SOURCE: Geithner wants strong dollar, will tackle deficit | Reuters