Sounds like those policies are not in place yet, given the headline…
Geithner calls the Fed strong and independent and says they are committed to unwinding easing policies once economic recovery is in place.
Stocks are soft, down 2%, but the dollar is not rebounding dramatically. The feared-shift toward deteriorating US fiscal fundamentals is well underway, brought into sharper focus by today’s S&P outlook shift on the UK.
MORE FROM GEITHNER: He says his job is to sustain a strong US dollar which is a great strength and asset to the US. A bit more elegant rhetorical statement of the strong dollar-policy, it would appear.
