US did not intervene in currency markets - U.S. Treasury's Mnuchin - FT

The Financial Times published a story on a recent interview that was conducted with Steven Mnuchin, the United States Secretary of the Treasury.

Key quotes:

  • The president was making a factual comment about the strength of the dollar in the short term . . . There’s a big difference between talk and action
  • Mr. Mnuchin insisted he still expected the tax system to be reformed in 2017
  • On tax reforms: It is fair to say it is probably delayed a bit because of the healthcare
  • There may be other ways of raising $1tn without incorporating the border adjustment
  • The president’s comment, which again I agree with, is that over short periods of time the strength of the dollar creates certain issues that hurt our exports. I think that is what he has referred to, which is again factually correct.

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