Geithner, Greenspan Lock Horns Over ‘Weak Dollar’ Debate

Treasury Secretary Timothy Geithner said the greenback’s drop in recent months is due to a reversal in safe-haven capital flows, rebutting former Federal Reserve Chairman Alan Greenspan’s assessment of U.S. policy. Greenspan wrote in the Financial Times today that the U.S. is “pursuing a policy of currency weakening.”- Bloomberg “The suppression of the renminbi and [...]