Numa entrevista a uma TV russa o Bush afirmou que um dolar fraco é contrário à politica do governo
Bush: Dollar's fall contrary to policy
Market has devalued dollar, President says in Russian TV interview, not U.S. policy.
May 31, 2003: 2:30 PM EDT
KRAKOW, Poland (Reuters) - President Bush said the fall in the dollar runs contrary to U.S. policy in favor of a strong dollar, according to an interview transcript released on Saturday.
Bush was interviewed by Russia's RTR TV on Thursday. The transcript was released by the White House on Saturday as Bush headed to St. Petersburg.
Asked about U.S. dollar policy, Bush replied: "The policy of my administration is for there to be a strong U.S. dollar."
When the reporter told Bush the dollar was not strong at the moment, Bush replied:
"Well, I understand that. And the marketplace is making decisions as to whether the dollar should be strong or not. Our policy is a strong dollar. And we believe that good fiscal and monetary policy will cause our economy to grow and that the marketplace will see a growing economy and therefore strengthen the dollar," he said.
"But you're right, the market, at this point in time, has devalued the dollar, which is contrary to our policy," he said.
The Bush administration initiated a shift in its dollar policy in recent weeks during a series of calibrated remarks by Treasury Secretary John Snow, who said in Deauville, France, two weeks ago that value was not one of a series of qualities that he saw defining a strong dollar.
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