Rep. Fattah Says Chinese Currency Decision is an Example of Obama's Bold Leadership on the International Economy

Jun 20, 2010, 11:08 ET from Office of Congressman Chaka Fattah

WASHINGTON, June 20 /PRNewswire-USNewswire/ -- Congressman Chaka Fattah (D-PA), Pennsylvania's senior member of the House Appropriations Committee, issues the following statement concerning a major shift in Chinese currency policy:

"The decision by China's central bank to permit flexibility and appreciation in the value of its currency is another significant triumph for President Obama and his bold leadership role in the worldwide economy. Firm pressure from the Obama Administration has led the global chorus demanding this change. The Chinese decision points toward a future with more American jobs and a level playing field for international trade."

SOURCE Office of Congressman Chaka Fattah