U.S. Treasury Secretary Steven Mnuchin talks with WSJ Editor-in-Chief Gerard Baker about his recent controversial comments about the benefits of a weak dollar, trade policies and tax cuts. They met at the annual World Economic Forum in Davos, Switzerland. American companies seem to be heeding Donald Trump’s sales pitch—they are rushing to announce investments in the U.S. thanks to tax cuts and deregulation. Yet the dollar is having its worst 12 months since 2011, giving back half the gains it made since it began to soar three years ago. The explanation for the weak dollar is...

Source: Wall Street Journal January 29, 2018 18:38 UTC