| Online: | |
| Visits: | |
| Stories: |
| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
White House: Obama briefed on markets, mindful of potential 'self-inflicted' wounds
Monday, August 24, 2015 11:58
% of readers think this story is Fact. Add your two cents.
U.S. officials want China to implement more financial reforms, like moving toward a more market-determined exchange rate for its currency, White House press secretary Josh Earnest said. The Chinese government's intervention throughout a recent stock market runup and selloff have drawn criticism from many market observers.
“They should continue to pursue financial reform to increase exchange rate flexibility and to move rapidly toward a more market-determined exchange rate system,” he said.
Earnest also cautioned against “self-inflicted” wounds like budget squabbles in Congress that could disrupt economic momentum
Source: http://luismmx.blogspot.com/2015/08/white-house-obama-briefed-on-markets.html
