US Treasury sec Jack Lew speaks at Bretton Woods
- US economy continues to be a bright spot in the world economy
- Is worried the world relies too much on the US economy
- Says Europe's economy is improving
- If Europe grows it will have a self correcting effect on FX
- We have to distinguish from interventionist FX policies
- Questions if Chinese economic structure will provide needed growth
- Chine still not providing changes on the demand side
- FX measures in trade deals would be a poison pill
- Countries would not want monetary policy subject of FX rules
- Ok to use domestic tools for domestic purposes
The ever bullish Jack Lew
