Tuesday, January 17, 2017

HOT Now A Trump Top Adviser Warns in Davos About Strong Dollar

Following remarks by President-elect Donald Trump during an interview in the Wall Street Journal that the dollar was too strong (SEE: Dollar Nosedives After Trump Comments),  a senior Trump adviser is re-enforcing the view that the Trump administration is going to actively pursue a weak dollar policy.

Speaking at the annual meeting of the World Economic Forum in Davos, Anthony Scaramucci said US policymakers must be “careful” about the rising dollar, taking a direct stab at Federal Reserve policymakers.

“The Fed has to be independent and we have to be careful about the rising currency”, Scaramucci said.

Note Well: There will be no free market advocates in a Trump White House. We are talking serious managed trade out of Team Trump with rising prices for products from overseas. Totally asinine.

(via The Financial Times)

2 comments:

  1. Gold is looking golden. Cha-ching!

    ReplyDelete
  2. Not a surprise. When I was getting my degree in Economics from one of the liberal bastions in California, we were 'taught' that a great way to boost exports is to devalue the currency. We were 'taught' that was a positive thing for the country. Of course, I asked about savers and about the standards of living of the average Joe etc, but nobody gives a shit about that.

    ReplyDelete