Topics

Debbie Stabenow
Ending currency manipulation could add millions of jobs, report says
Ending currency manipulation could add millions of jobs, report says

The United States could create 5.8 million jobs if it moved to end global currency manipulation, according to a report by the Economic Policy Institute. The group, a Washington think tank supported by organized labor, said that manipulation of currency exchange rates is a key factor in the United States' $703-billion annual trade deficit. Several foreign countries devalue their currencies to make their products cheaper, making it difficult for U.S. manufacturers to compete, the report said. Photos: Top 10 Southern California companies The report suggests that by realigning exchange rates, U.S. trade deficits would be reduced by up to $500 billion per year by 2015. Such a move...

Loading