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Dollar surge leaves US officials undaunted

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Published Mon, Mar 16, 2015 · 09:50 PM

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    Washington

    THE US dollar is surging. And US policymakers look prepared to live with it.

    While officials have pointed to the difficulties posed by the currency's rise - it holds back economic growth and suppresses already too-low inflation - they have indicated no willingness to stand in its way. Treasury Secretary Jacob Lew has repeated the mantra that a strong US dollar is in America's interest, while Federal Reserve vice-chairman Stanley Fischer has said that it is a sign of US economic might.

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