Wednesday, April 12, 2017
Screw the Consumer: Trump Says Dollar Too Strong, Also He Likes Interest Rates Low
Displaying, once again, his basic ignorance of trade economics, President Donald Trump during an interview with The Wall Street Journal said that the U.S. dollar “is getting too strong.”
Of course, a strong dollar means lower prices for U.S. consumers. And just how does he know better than market setting trades what the exchange rate between the US dollar and are other currencies should be? God Emperor indeed.
Trump also said, according to The Journal, that he would prefer the Federal Reserve keep interest rates low.
“I do like a low-interest rate policy, I must be honest with you,” Trump said during the interview at the White House when asked about Federal Reserve chair Janey Yellen.
So much for the idea that Trump is anti-Fed money manipulation.
at 5:33:00 PM