U.S. Treasury Secretary Urges IMF to Police Exchange-Rate Policies of Members

The Wall Street Journal, Feb 21, 2017
by Ian Talley

WASHINGTON—U.S. Treasury Secretary Steven Mnuchin urged the International Monetary Fund to use its surveillance powers to police the exchange-rate policies of its members, part of the Trump administration’s broader effort to challenge some of America’s biggest trading partners.

Mr. Mnuchin told IMF Managing Director Christine Lagarde in a telephone conversation on Tuesday that he expects the fund to “provide frank and candid analysis of the exchange-rate policies of IMF member countries,” the Treasury Department said in a statement after the conversation. Please click here to continue reading this article.