The headline from the article was earlier: US Treasury Secretary Mnuchin: Strong USD a reflection of confidence in economy
The article in the Journal opens:
- ... Mnuchin said the strong U.S. dollar is a reflection of confidence in the U.S. economy and its performance compared with the rest of the world-and was a "good thing" in the long run
- (his comments) ... are notable because some White House officials, including President Donald Trump himself, have suggested in the past that they favored a weaker currency to support the U.S. trade position.
Wall Street Journal piece is here, may be gated
The headline statement is contradictory with what he, and the US administration, really wants. It was only yesterday that the US Treasury issued a statement saying Mnuchin had been on the blower with IMF head LaGarde on the issue of 'policing' the currency policies of its members (WSJ link to that piece). Mnuchin said in January "The IMF and other multilateral institutions do not appear to have prevented nations from manipulating the value of their own currencies" (WSJ link for the January comments).
