U.S. Treasury Secretary John Snow said Thursday the nation’s economy is healthy and he reiterated the Bush administration’s support for a strong dollar, a week before he is scheduled to attend a meeting of the finance ministers of the Group of Seven industrialized nations.
Snow said he will discuss “the paramount importance of higher growth rates” with his G-7 counterparts at the meeting in London, and will meet with his Chinese counterpart. Snow also said once again that China should move toward a flexible exchange rate.
The U.S. economy is “very strong,” Snow said in remarks to a real-estate group in Washington. But the Treasury secretary said several key economic issues need to be addressed in the coming months.
For this complete story, please visit U.S. Treasury Secretary Says Economy ‘Very Strong’.
