	treasury s baker supports fed monetary policy treasury secretary james baker said in a newspaper interview that he supports the current course of federal reserve board monetary policy the course of fed policy is quite adequate as far as we are concerned baker said in an interview with the new york times in the interview baker declined to comment about the recent paris accord among the six leading industrialized democracies when he was asked why the u s agreed to stabilize the dollar at current levels when the trade deficit hit a record level last year baker said in the newspaper interview that it was a subject i prefer not to talk about he said that if he explained why the u s agreed to help maintain the dollar at current levels i would of necessity end up getting into some of the private agreements that support such and agreement on the dollar baker was optimistic about brazil which has stopped interest payments on much of its outstanding debt with foreign commercial banks they are after all paying on time all the debt service and principal on their official debts having just rescheduled with the paris club baker said in the newspaper interview baker said that brazilian repreentatives had explained they intented to pay their commercial bank debts in full but needed time reuter 
