Bipartisan bill would realign US dollar to eliminate trade deficit Washington. The Coalition for a Prosperous America (CPA) today offered its highest possible support and endorsement of the new, bipartisan Competitive Dollar for Jobs and Prosperity Act (CDJPA) introduced by Senators Tammy Baldwin (D-WI) and Josh Hawley (R-MO). The bill would require the Federal Reserve…

By David J. Lynch | July 30, 2019 | Washington Post Federal Reserve Chair Jerome H. Powell has spent several months fending off President Trump’s demands to lower the value of the dollar to help American manufacturers sell their goods abroad. Under a bipartisan Senate bill due Wednesday, the central bank chief no longer would…

Editor’s Note: Press release from Sen. Tammy Baldwin   Bipartisan legislation would realign U.S. dollar to close trade deficit WASHINGTON, D.C. – For two decades, foreign countries, including China, have manipulated their currencies to boost their exports while making American products more expensive abroad. Foreign purchases of U.S. stocks, bonds and other assets have also…