May 22, 05:10 PM

US CEA Chair Steve Miran Confirms Strong-Dollar Policy, Denies Secret Currency Talks Amid Tariffs and Inflation Concerns

Steve Miran, chairman of the US Council of Economic Advisors (CEA), has confirmed that the United States continues to maintain a strong-dollar policy despite recent significant depreciation of the US dollar following the imposition of tariffs. Classical economic theory, supported by Miran and Vice President Vance, predicts that tariffs typically lead to dollar appreciation, which offsets tariff-related price increases and reduces inflationary pressures. This pattern was observed during previous trade conflicts, including the 2018 trade war under the Trump administration. However, the current situation deviates from this historical trend, raising questions about whether tariffs are inflationary in this cycle. Miran also dismissed rumors of any secret currency negotiations aimed at weakening the dollar, emphasizing that no such talks are underway. The White House’s chief economist highlighted the benefits of a strong greenback amid ongoing economic discussions.

#Steve Miran #CEA #United States #US #Miran #Vance #Trump #White House

Written with ChatGPT (GPT-4).

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US CEA Chair Steve Miran Confirms Strong-Dollar Policy, Denies Secret Currency Talks Amid Tariffs and Inflation Concerns

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