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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump criticizes U.S. dollar's strength, blames the Fed
Source: Reuters
Trump criticizes U.S. dollar's strength, blames the Fed
WASHINGTON (Reuters) - President Donald Trump on Thursday again expressed dissatisfaction with the strength of the U.S. dollar, saying the Federal Reserves interest rates were harming American manufacturers.
The Feds high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing, John Deere, our car companies, & others, to compete on a level playing field, Trump said in a series of posts on Twitter.
The Republican president has for months been calling on Fed Chairman Jerome Powell and Fed policymakers to lower interest rates to support the U.S. economy.
At the end of July, Fed policymakers cut interest rates for the first time since 2008.
Reporting by Susan Heavey; Editing by Doina Chiacu and Bernadette Baum
https://www.reuters.com/article/us-usa-trump-fed/trump-decries-dollars-strength-blames-the-fed-idUSKCN1UY1Y7
global1
(25,253 posts)I think he wants to make sure that the economy doesn't tank before the 2020 election. He's thinking only of himself - as always.
Princetonian
(1,501 posts)underpants
(182,843 posts)Historic NY
(37,451 posts)nah... they can't be part of the problem.
KPN
(15,646 posts)markets for his own short term benefits. The stock market is bouncing today euphoria over now anticipated further fed rate cuts. Sadly, he may get away with this scam ... and our next President, undoubtedly a Democrat, will get stuck holding the bag. Not to mention the public at large.
Zambero
(8,965 posts)....is seldom good at anything else."
- Benjamin Franklin
empedocles
(15,751 posts)Yo_Mama_Been_Loggin
(108,068 posts)rsdsharp
(9,187 posts)Very early in his "presidency" (it would have had to have been) there was a story that he called Mike Flynn at 3 AM to ask if a strong dollar was good or bad for the economy. Flynn. the national security adviser, said in effect, "How the hell should I know? Call the Secretary of the Treasury!"
https://www.businessinsider.com/trump-called-mike-flynn-about-us-dollar-at-3-am-2017-2