The dollar gained against most major currencies despite further evidence of a slowdown in U.S. economic growth.

Huge budget and trade deficits could keep interest rates high and hold back U.S. economic growth.

Help must come, too, from foreign governments whose economic fate depends on U.S. growth and price stability.

For seven straight years, U.S. economic growth averaged 4 percent.

Trade also accounted for the entire U.S. economic growth in the past year.

China's currency policy places a drag on U.S. economic growth and job creation.

And in years to come, expanding markets could help propel U.S. growth.

U.S. economic growth fell sharply last month, to the lowest rate in two years, the nation's purchasing managers reported.

"Next year, U.S. growth would have slowed no matter what," he said.

"That represents another slice out of U.S. economic growth, which is the disaster for American workers and their families."