Biden: The cause of world economic problems is the lack of sound policies, not the dollar

The White House press service reported that US President Joe Biden refused to recognize the impact of the US dollar on existing problems in the global economy.

He cited Biden’s statement, which said: “The rise in the price of the dollar does not cause me any concern.”

“The issue is the lack of economic growth and sound policies in countries other than the US,” the US president added.

He touched upon the problem of “global inflation”, which is worsening in other countries compared to the United States.

“Our economy is very strong,” Biden said.

The International Monetary Fund said in a new report released yesterday, Friday, that the sharp rise in the value of the US dollar this year and its rise to a record level since 2000 has had significant economic consequences in almost every country in the world.

Source: RIA Novosti