Steve Mnuchin Quotes

From time to time, an excessively strong dollar may have negative short-term implications on the economy.

My theme this evening is that America needs a competitive dollar.

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

A strong dollar reflects a strong country and a strong economy, and we need to make sure that we get the - stop the practice of devaluing the dollar.

When a population saves a lot, the funds are invested outside the country as well as inside. If the Japanese invest in the United States, it pushes their exchange rate down and makes their manufacturing more competitive.

If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth.

Is a currency worth anything if no one wants it? We used to buy shoes in Italy. Remember?

The prices of all imports would rise if the dollar depreciates.

China needs a currency that reflects underlying economic fundamentals.

I think a strong dollar is the result of policies, but I don't think the strong dollar is in and of itself a policy.

A weaker currency is a national tariff. After we get a weaker currency, we have to take advantage of that. Or else, we will waste it once more in inflation and in the inability to raise competitiveness.

The more competitive value of the dollar turned around the trade deficit.

If raising or allaying [revaluing or devaluing] the Money could add to its Value, or have any good Effect on Home or Foreign Trade; Then no Nation would want Money [from that nation.]

It does not mean of course that the pound here in Britain in your pocket has been devalued .

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

Americans have seen the value of the dollar slowly decline due to the steady erosion of inflation.

The dollar has lost over 90 percent of its value since the Fed was created.

Any country whose currency is used as a reserve enjoys tremendous benefits because those currencies gain a significant discount to financing costs.

In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.

Only in 1999 and 1984 have we seen a persistently strong dollar and strong risk appetite harmoniously co-exist.

Rupee fluctuation is not so significant compared with the other currencies. Fluctuations in currencies has been fairly steady. As the finance minister often says, fluctuation is the new normal.

I do like low interest rates. I'm not making that a big secret. I think low interest rates are good. I like a dollar that's not too strong. I mean, I've seen strong dollars. And frankly, other than the fact that it sounds good, lots of bad things happen with a strong dollar.

The most important initiative you could take to improve the world economy would be to stabilize the dollar-euro rate.

There's a tendency for the yen to strengthen because it's rated highly, but I don't think that accurately reflects Japan's economic performance.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.