Moving to a truly flexible exchange rate requires a lot of preparatory steps. China is seriously engaged in taking these preparatory steps, |
no change in the strong-dollar policy. |
not only theoretical reform, not only academic reform, but actual practical reform. |
Now it's up to us to go to work on it, |
Our two countries send a clear message: those who hide intentions of terror behind a veil of benevolence and charity will not escape justice from the international community. |
provided it is not very long. |
Rebuilding efforts will give GDP (gross domestic product), jobs and our overall economy a lift by the first quarter of next year, |
Resolving that, I think, will be very beneficial for the economy. We're already seeing it in lower energy prices, |
shows that the foundation of America's economy continues to be sound and strong. |
Teenagers benefited, minorities benefited with employment among blacks and Hispanics rising, |
Thanks to the changes we've made in currency design, thanks to aggressive law enforcement led by the U.S. Secret Service and thanks to an informed public, we've been able to stay ahead of the counterfeiters, |
That will tee up the next major issue for the president ? broad-based tax reform, |
That's a large message, it's not really different from the message we were taking to China, that well-functioning financial markets are in a country's best interests, |
That's really off the table for circumstances like the ones we're facing now, |
The 'bubble' is a gross misnomer, a mischaracterization. The idea that we're going to see a collapse in the housing market seems to me improbable, |