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Summers seeks to sooth dollar jitters

By Jamie Coleman  || October 21, 2009 at 19:40 GMT
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Diving stocks are doing more to sooth USD jitters than Larry Summers, but here are his comments–

  • Dlr to remain top reserve currency for foreseeable future
  • World does not have a viable alternative to the dollar
  • Political role of US very much supports dollar’s reserve ccy role
  • strong economic fundamentals best thing government can do for dollar
  • Takes very seriously government indebtedness
  • Short-term deficits needed to offset fall in private demand
  • Obama budget to make sure US debt levels return to sustainable, steady or reclining path
  • No doubt economy grew in Q3
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Category: All, Americas, Politics/Policy, Regions
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