Some analysts said the association's argument doesn't account for the benefits of a strong dollar. Lower import costs keep inflation down, which means the Federal Reserve can keep interest rates lower than they might otherwise be. That helps create jobs -- US payrolls have risen by 14.4 million since the dollar touched a postwar low of ?80.63 in April 1995.
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Thu, Feb 21, 2002 - Page 21 News List
Manufacturers seek to weaken dollar
IMPORT-EXPORT US industry leaders say a strong greenback is weakening their competitiveness and want the Bush administration to allow the currency to drop
BLOOMBERG , WASHINGTON
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