S. administration official told reporters that there may be a different emphasis on the timing of exit strategies
But all countries are seeking to achieve the same sense of balance in policies, with a broad consensus that the focus should still be on growth, the official said. Geithner once again stressed the administration’s commitment to returning to a path of fiscal sustainability, promising a quick reduction in deficits starting in 2011. Growing concerns about soaring U.S. debt levels have weighed on U.S. Treasurys and the dollar, and the currency took a hit earlier in the week after Russia’s central bank said it would cut its U.S. asset holdings as it bought $10 billion of IMF bonds.
However, Russian Finance Minister Alexei Kudrin downplayed the move after meeting with Geithner Friday, saying he doesn’t expect «any significant changes in our policy with regards to dollar-denominated paper» over the next year. Geithner said he didn’t have «a significant discussion» about the issue with G8 ministers, including in his bilateral meeting with Kudrin. When asked about rising Treasury yields and commodity prices, Geithner said the «dominant» force in financial markets over the past couple of months has been a «welcome reduction in acute concern» about the threat of a more severe recession, deflation and systemic financial problems. The G8 said it had begun a discussion on the appropriate «exit strategies» once the recovery is assured, and tasked the International Monetary Fund with preparing an analysis. Continuar leyendo: “S. administration official told reporters that there may be a different emphasis on the timing of exit strategies” →
Publicado el 14/4/2022 Categoría irvine dating.
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