A strong currency means that American consumers and businesses can buy imported goods and services more cheaply and that inflation and interest rates will be lower,... It also puts pressure on American industry to increase productivity and competitiveness. These benefits can feed on themselves as foreign capital flows in more readily because of greater confidence in our currency. A weak dollar would have the contrary effects.

In an Uncertain World: Tough Choices from Wall Street to Washington (ed. Random House, 2003) - ISBN: 9781588363381