White House’s Miran Says No Secret Currency Pact in Trade Talks

The White House’s chief economist rejected the notion that a secret currency accord to weaken the dollar is in the works, and instead touted the benefits of a strong greenback.

“The United States continues to have the strong dollar policy,” Stephen Miran, chair of the Council of Economic Advisers, said on Bloomberg’s Big Take DC podcast. He noted that Treasury Secretary Scott Bessent is the official spokesperson for currency policy. “We’re not secretly at work on any of this stuff. There’s nothing there,” he said about speculation of an international pact to depreciate the dollar.

The currency market has ...