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)


  1. Gold is looking golden. Cha-ching!

  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.