WASHINGTON: The US government will not intervene to weaken the value of the dollar, despite persistent concerns about actions by other countries to influence their currencies, a top White House economic aide said on Friday .
Adam Posen, a former central banker who leads the Peterson Institute for International Economics, said Kudlow felt obliged to go on record about White House policy amid increased recent speculation that Trump was considering launching an effort to move exchange rates. Trump has blamed the Fed for raising interest rates, which increases demand for the dollar, but Kudlow disputed the claim the president wants a weaker dollar which would tend to make American exports be priced more favorably against foreign competitors."He tweeted last week that the dollar is the dominant currency in the world and he wants it to stay that way."
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