Economics
Trump's Weaker Dollar Dream at Odds With Strong Economy Promise
- Trump says strong dollar hurting America’s competitiveness
- But Fed’s plan to raise rates make greenback more attractive
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President Donald Trump has signaled his preference for a weaker dollar and low interest rates. He may end up with neither if the U.S. economy continues to recover and he delivers on his ambitious agenda of tax cuts and infrastructure spending.
Trump indicated in an interview Wednesday that the U.S. currency is getting so strong that it’s harmful to the economy. "I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me," he told the Wall Street Journal. "But that’s hurting -- that will hurt ultimately."