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)