Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $78,951
97%  
Woo hoo!! And we're now over 97%!! Thank you all very much!! God bless.

Keyword: githner

Brevity: Headers | « Text »
  • Geithner backs strong dlr, says China's assets safe (audience laughs)

    06/02/2009 3:38:13 PM PDT · by Signalman · 7 replies · 454+ views
    reuters ^ | 5/31/2009 | Somerville/Wheatley
    BEIJING, June 1 (Reuters) - U.S. Treasury Secretary Timothy Geithner on Monday reaffirmed his faith in a strong dollar and reassured the Chinese government that its huge holdings of dollar-denominated assets are safe. "We believe in a strong dollar," Geithner said in a question-and-answer session after a speech to students at Peking University. [ID:nPEK144756] A major goal of Geithner's maiden visit to China as Treasury secretary is to allay Beijing's concerns that Washington's mushrooming budget deficit and ultra-loose monetary policy will undermine both the dollar and U.S. bonds. China is the biggest foreign owner of U.S. Treasury bonds. "Chinese financial...