Senator: Stopping the currency manipulation may create jobs

Crawford Co. may benefit from suggested restrictions

Bucyrus Telegraph Forum

BUCYRUS — U.S. Sen. Sherrod Brown was among those who stepped up pressure this week to discourage currency manipulation in pending negotiations toward a Trans-Pacific Partnership agreement.

He was part of a press conference that focused on the release of a new study that said restricting currency manipulation could create 2.3 million to 5.8 million American jobs over the next three years.

Crawford and Richland counties are in Congressional districts ranked high for potential job creation by the Economic Policy Institute report.

Dr. Robert Scott, director of trade and manufacturing policy, said ending currency manipulation in a group of about 20 countries, including China, could increase gross domestic product by as much as $720 billion and reduce the U.S. trade deficit by as much as $500 billion within three years.

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