by U.S. Secretary of the Treasury Timothy Geithner was interviewed this week by CNBC. He used the opportunity to respond to former Federal Reserve Chairman Alan Greenspan, who suggested in the Financial Times that the U.S. is “pursuing a policy of currency weakening.”On the contrary, Geithner said, the fall of the dollar in recent month is certainly not due to any active policy on the part of the federal government, but rather is a result of a reversal in safe-haven capital flows. Geithner, who joined President Barak Obama in South Korea today, to help garner support for new U.S. trade initiatives, gave assurances to Greenspan and the global community that the United States “will never seek to weaken our currency as a tool to gain competitive advantage or to grow our economy.”
