After weeks in which Bush administration spokesmen have said that the weak dollar is actually a blessing, Bush has told a Russian TV station: “[T]he marketplace is making decisions as to whether the dollar should be strong or not. Our policy is a strong dollar. And we believe that good fiscal and monetary policy will cause our economy to grow and that the marketplace will see a growing economy and therefore strengthen the dollar... But you’re right, the market, at this point in time, has devalued the dollar, which is contrary to our policy.”
The Market Contradicting Policy
