Richmond Fed: Chinese currency policy may not harm U.S. much

08/19/2013 | Market News International

The costs to the U.S. of China's currency policy might not be any greater than the benefits America gets from inexpensive Chinese exports, according to an article published by the Federal Reserve Bank of Richmond. "It is an open question how much demand we have lost to China's currency policy rather than, for example, China's rise as an efficient producer of consumer goods," the bank said.

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