'I want a dollar that's great for our country not a dollar that is so strong' - Donald Trump | Eurasia Diary - ednews.net

19 May,


'I want a dollar that's great for our country not a dollar that is so strong' - Donald Trump

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President Donald Trump on Saturday renewed criticism of the Federal Reserve and said the U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness.

“We have a gentleman that likes a very strong dollar at the Fed,” Trump said at the annual Conservative Political Action Conference in Oxon Hill, Maryland. “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”

The Fed has been trimming its $4 trillion balance sheet by as much as $50 billion a month, which investors say has been tightening financial conditions.

Reuters

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