White House denies that the strong dollar was a problem

June 8, 2015

KRUEN, Germany – A senior U.S. official denied on Monday a news wire report that President Barack Obama had told a Group of Seven industrial nations’ summit (G7) that the strong dollar was a problem. “The President did not state that the strong dollar was a problem” the U.S. official said. He made a point that he has made previously, a number of times: “that global demand is too weak and that G7 countries need to use all policy instruments, including fiscal policy as well as structural reforms and monetary policy, to promote growth.”

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