Yellen Says U.S. Won’t Seek a Weaker Dollar

The transcript discusses the importance of a strong US economy with rising wages and stable financial systems. It emphasizes the need for market-determined exchange rates and opposes currency manipulation for competitive advantage. The speaker commits to working with Congress to strengthen economic recovery and ensure fair trade practices by opposing foreign currency manipulation.

What is emphasized as a benefit of maintaining confidence in the US economy?

• Stability of the US financial system

• Increased government spending

• Decreased foreign investment

• Higher taxes for all Americans

According to the transcript, how should the value of the US dollar be determined?

• By setting fixed rates

• By market forces

• Through international agreements

• By government intervention

What is the US stance on using a weaker currency to gain a competitive edge?

• It is encouraged

• It is opposed

• It is ignored

• It is supported

What action does the US plan to take against countries that manipulate currency values?

• Oppose their actions

• Support their actions

• Ignore their actions

• Join their efforts

What is considered unacceptable in terms of exchange rate targeting?

• Targeting for employment growth

• Targeting for inflation control

• Targeting for commercial advantage

• Targeting for economic stability