President Joe Biden downplayed the effect of the U.S. strong-dollar policy on the global economic outlook, saying weakness in other parts of the world is threatening growth.
“I’m not concerned about the strength of the dollar, I’m concerned about the rest of the world,” Biden told reporters during a campaign stop in Portland, Oregon on Saturday. “The economy is strong as hell.”
His comments came hours after the International Monetary Fund and World Bank concluded their fall meetings in Washington, where the Federal Reserve’s dollar-boosting interest rate increases were a key topic among delegates.
