In an op-ed published in The Wall Street Journal Wednesday, US Treasury Secretary Tim Geithner and White House economic czar Larry Summers emphasized the revalution of China's yuan.
China is not going to take action to appease the US government, says Miller Tabak equity strategist Peter Boockvar. If they do act, China will do so at their own pace.
I don't think they were giving instructions, says Karen Finerman. The article was simply expressing their hopes in working with China on the global economy.
The revaluation of the yuan has been completely overblown, even on this show, says Tim Seymour. He doesn't think it matters.