Despite five months of job losses and soaring oil prices, the
fundamentals of the U.S. economy remain favourable, said
U.S. Treasury Secretary Henry Paulson on Monday. However, he noted the
price of oil is a problem and that no policy initiatives are off the
table, including currency intervention.
Paulson was interviewed on CNBC as well as CNN on a variety of
issues.
He attributed the surge in oil prices to…