One of the few political things i agree with Mr. Kimmitt on. I think Bush was lucky to have someone like Paulson agree to come on board, but they need to consider kimmitt for a secretary of something. At the very least he brings dignity and honesty to an administration that lacks both.
Jun 1, 2006 — By Gernot Heller
BERLIN (Reuters) – China should speed up adjustment of its yuan exchange rate policy to reflect market conditions, U.S. Treasury Deputy Secretary Robert Kimmitt said on Thursday.
China's central bank on Wednesday reaffirmed its commitment to deepen foreign exchange reform to make the yuan more flexible while keeping the currency on an even keel.
"We'd like to see that … the Chinese move their currency more quickly to reflect the underlying market conditions," Kimmitt told reporters during a visit to the German capital. (read full article here)
