Congress indignant: Why aren't our pots calling those kettles black?

Strong Dollar Revives Old Currency Angst

By Shawn Donnan
Financial Times, London
Wednesday, February 4, 2015

WASHINGTON -- When Jack Lew, the US Treasury secretary, sits down on Thursday to brief the august members of the Senate finance committee on the president’s 2016 budget and plans for tax reform he will be bracing himself for a barrage of questions on at least one other subject.

A strong dollar now hitting corporate profits and US exports and an accumulating number of moves by central banks around the world to weaken their own currencies has revived an old angst on Capitol Hill and yielded new battle lines for Congress and its currency warriors.

Where once the target was China these days the push is for the administration to include tough provisions against currency manipulation in its trade agreements and particularly the Trans-Pacific Partnership, the mega trade deal with Japan and 10 other economies that is at the heart of the US international economic agenda and is nearing conclusion. ...

... For the remainder of the report:

http://www.ft.com/intl/cms/s/0/649300ee-ac13-11e4-b05a-00144feab7de.html