Yellen Says U.S. Won’t Seek a Weaker Dollar

The transcript discusses the importance of a strong US economy with rising wages and stable financial systems. It emphasizes the need for market-determined exchange rates and opposes currency manipulation for competitive advantage. The speaker commits to working with Congress to strengthen economic recovery and ensure fair trade practices by opposing foreign currency manipulation.

What does the text suggest about the US's approach to competitive advantage in currency value?

What is the intended action regarding exchange rates as mentioned in the text?