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News You Can Use Treasury's Snow predicts jobs with revived growth
SPOKANE, Wash., Feb 17 (Reuters) - U.S. Treasury Secretary John Snow said on Tuesday that the U.S. economy was on a path toward rapid recovery that should soon produce more jobs, and repeated his backing for a strong U.S. dollar. Interviewed by Bloomberg Television at the beginning of a two-day tour of northwestern states Washington and Oregon, Snow said the economy had endured a series of exceptional shocks in recent years, ranging from corporate scandals to the impact of terror attacks. "The economy has really been through the wringer and we're finally starting to come out of it with good growth," Snow said. "With good growth, we're going to get jobs." In response to questions, Snow repeated his backing for a strong U.S. dollar, despite the fact that the dollar has declined sharply against other major currencies. "We believe in a strong dollar," Snow said. "But the best way to set the relative value of currencies is open, competitive currency markets, with interventions kept to a minimum." "That's our policy," he added. "That's the right policy." Continue with:Mexico shares jump on U.S. data, America MovilEconomist panel raises U.S. growth forecastsRiding High In 'Jobless Recovery'Trade Deficit Swells 17.1% To Record $489 Bil In '03Bush Spending Yet To Alienate The Hard CoreDollar dips; Trichet's comment fall on deaf earsGerman Investor Confidence Fell for Second Month in February as Euro Rose8 big mortgage mistakes and how to avoid themMortgage refinancing frenzy stillsEconomy May Work in Bush's FavorEconomy May Work in Bush's Favor Part TwoThe Business of TaxesIndustrial Production Jumps 0.8 PercentIndustrial Production Jumps 0.8 PercentTokyo Stocks End Higher, Dollar Up on YenCan retraining offset rush of jobs offshore?Should rental house investor sell to tenant?Why 'better late than never' doesn't apply to rentAmericans may need to go on 'borrowing diet'Reports stir hopes of U.S. factory revival |
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