Treasury undersecretary lael brainard said last week that china should ' avoid persistent exchange-rate misalignment , ' although she credited china with making some progress on the currency front .
' European leaders are pledging to do all necessary measures to safeguard their monetary union , and as they escalate their response , ' said lael brainard , u.s. treasury under secretary for international affairs .
' With demand in advanced economies expected to remain weak , china and other emerging markets have a bigger role to play in bolstering and sustaining global growth , ' said lael brainard , u. s. treasury undersecretary for international affairs .
If his replacement , as expected , focuses on the domestic budget , the u.s. may rely more on treasury undersecretary lael brainard and white house international economics adviser michael froman to handle china issues .
