USA (bbabo.net) - US President Joe Biden said he was not worried about the strong position of the dollar, but instead blamed the problems in the global economy on the lack of growth and "prudent policies" in other countries. His words are quoted on Saturday by the press pool of the White House.
“I'm not worried about the strong position of the dollar, I'm worried about the rest of the world,” the American leader said, referring to the relevant issue.
According to him, the US economy is currently "damn strong."
“There is inflation all over the world. And in all other countries, the situation with it is worse than in the United States. So the problem lies in the lack of economic growth and sound policies, not so much in our country as in other states. And this is inflation, which is all over the world and has its consequences, ”Biden argued.
Earlier, International Monetary Fund Chief Economist Pierre-Olivier Gourinsha said that several countries are under pressure from the strengthening of the dollar, resulting in higher prices for imported goods, and this leads to higher inflation. In addition, for many corporations and governments, he said, it is becoming more expensive to service dollar debt.