Treasury Delays Meeting on Global Currency Practices
April 3, 2010 at 14:25 UTC || By Forex Playmaker
Due to previous engagements, Treasury Secretary Timothy Geithner has delayed his semiannual report to Congress on global currency practices. The meeting was originally scheduled for April 15.
Many are hoping that Mr. Geithner will use his time before Congress to label the Chinese as currency manipulators. However, China may not be the only one at risk of being labeled. The Swiss, too, have actively interfered in the currencies market, making them equally worthy of the “manipulator” label.
Mr. Geithner’s claim at having previous engagements feels a lot like a stall tactic. After all, it’s a semiannual meeting, so it’s not as though he was caught by surprise. More importantly, if the Treasury Secretary has yet to learn to avoid scheduling overlapping meetings, one has to question his fitness for duty.
Is it possible that the Treasury Secretary forgot about his scheduled congressional meeting? Is that why he scheduled conflicting meetings?
It’s a pretty a hard date to forget if you pay your taxes. Oh, wait …
Comments
One Response to “Treasury Delays Meeting on Global Currency Practices”Trackbacks
Check out what others are saying about this post...[...] is the original: Treasury Delays Meeting on Global Currency Practices | Forex Playbook By admin | category: TSINGHUA University | tags: central-bank, china, core-interests, [...]