Tags: Trump Administration | trump | dollar | fed | tweets

Trump Voices Dismay Over Strong Dollar, Renews Call for Fed Cut

Trump Voices Dismay Over Strong Dollar, Renews Call for Fed Cut

By    |   Thursday, 08 August 2019 10:47 AM

President Donald Trump on Thursday again expressed dissatisfaction with the U.S. dollar's strength, saying the Federal Reserve's interest rates were harming American manufacturers.

"The Fed's high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing, John Deere, our car companies, & others, to compete on a level playing field," Trump said in a series of tweets. 

“As your President, one would think that I would be thrilled with our very strong dollar. I am not!” Trump said in a tweet. 

Trump’s tweets mark his latest assault on the central bank and complaints over the dollar’s value as he wages an increasingly heated trade war with China.

The Republican president has for months been calling on Fed Chairman Jerome Powell and Fed policymakers to lower interest rates to support the U.S. economy.

At the end of July, Fed policymakers cut interest rates for the first time since 2008. 

Material from Bloomberg and Reuters has been used in this report.

© 2019 Newsmax Finance. All rights reserved.

   
1Like our page
2Share
StreetTalk
President Donald Trump on Thursday again expressed dissatisfaction with the U.S. dollar's strength, saying the Federal Reserve's interest rates were harming American manufacturers.
trump, dollar, fed, tweets
173
2019-47-08
Thursday, 08 August 2019 10:47 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved