URGENT: Biden says "not concerned" about strength of U.S. dollar

President Joe Biden said Saturday he is "not concerned" about the strength of the U.S. dollar, indicating tolerance for the soaring value of the currency as a result of the Federal Reserve's aggressive interest rate hikes to tackle inflation.

"I'm not concerned about the strength of the dollar," Biden told reporters in the western state of Oregon. "The problem is the lack of economic growth and sound policy in other countries."

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