Steve Mnuchin Quotes

What there is no dispute about is whether or not China is a currency manipulator. They are a currency manipulator. They actively intervene every single day to keep the value of their currency less than it would be against the dollar than if it floated freely. We think. Even China barely disputes that.

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.]

There's no point in treating a currency like a commodity, devaluing it artificially and causing a lot of poverty among poor countries.

The global 'currency wars' are likely here to stay due to the fine line between legitimate monetary balancing and sometimes self-serving trade manipulation. But these artificial mechanisms lack tangible or lasting value.

If you are asking me if I would advocate that the Chinese go to greater flexibility in their exchange rate, I certainly would.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.

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

To achieve a more balanced international system over time, countries with excessive and unsustainable trade surpluses will need to allow their exchange rates to better reflect market fundamentals.

There's a lot of companies that profit from a weak dollar.

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 IMF is set up to deal with liquidity crises.

The power to regulate the value of money does not involve a power to dilute the value of money by inflation, an absurd and self-serving rendering.

Hegemony of the dollar.

The most important quality of a currency is its stability.

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

Currency pegs force a common policy on countries…

The U.S. currency has been the most attractive currency to be in for very, very long periods of time.

Governments have a tendency to screw up currencies.

A stronger dollar increases U.S. dollar purchasing power.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

The prevailing view is that the easy way to stimulate economic growth is to have a low currency.

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.

We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.

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