Geithner’s goal: ‘rebalanced’ world economy
WASHINGTON — Treasury Secretary Timothy Geithner said he would use weekend meetings of G-20 finance ministers to advance efforts to “rebalance” the world economy so it is less reliant on U.S. consumers, to move toward establishing “norms” on exchange-rate policy, and to persuade others the U.S. doesn’t aim to devalue its way to prosperity, reports the Wall Street Journal.
In a WSJ interview, Geithner said the world sorely needs to agree on guidelines for exchange-rate policy. “Right now, there is no established sense of what’s fair,” he said.
He also said the U.S. is pressing the Group of 20 industrial and developing nations to adopt numerical gauges to judge whether individual trade surpluses or deficits are “sustainable,” a way to measure progress towards the goal of more balanced global growth.
To sign up for Mississippi Business Daily Updates, click here.
Mississippi Economic Council
Mississippi Chambers of Commerce
Mississippi State Legislature
Mississippi Development Authority
Mississippi Economic Development Council
North Mississippi News
Social Security Disability Lawyer
Auto Accidents Lawyer
Top Posts & Pages
- Aluminum company rumored for Columbus: 'clock' is for website, not plant site
- Shale oil: market correction or longterm direction?
- Miss. surgeon sentenced in tax evasion case
- MBJ exclusive: Jackson’s new airport CEO fulfills desire to taking on the top job
- MARTIN WILLOUGHBY: Gary Herring building tomorrow by educating today
- 'Blue Economy' important for Mississippi's future
- J.McLaughlin to open in Highland Village next spring
- WILLOUGHBY: Mayo Flynt leads AT&T Mississippi by enjoying both work and workers
- Hyatt-Place is Columbus’ newest hotel option