Senate Finance panel presses Greenstein on IMF focus, China currency and tariffs

Jonathan Greenstein, President Trump's nominee to be deputy under secretary for international finance at the Treasury Department, told the Senate Finance Committee he would use the United States' shareholder position to press multilateral organizations to return to their core mandates and to step up surveillance of currency practices.

Greenstein said, "we have the opportunity to use our position, to push the IMF to refocus on its core mission, promoting international monetary cooperation, facilitating the balanced growth of international trade, encouraging economic growth, and discouraging harmful macroeconomic and financial policies such as currency devaluations." He also told senators he would work with the committee and Treasury colleagues to address trade imbalances and foreign-exchange opacity.

Why it matters: the deputy under secretary oversees U.S. policy and…