Trump also said in an interview at the
The president also left open the possibility of re-nominating
In the interview, Trump said, “I do like a low-interest rate policy, I must be honest with you.”
The decision not to label
A weaker Chinese currency, relative to the dollar for example, makes Chinese goods more affordable for American consumers and
As a candidate, Trump pledged to instruct his
But in Wednesday's published interview with the Journal, Trump said he had changed his mind because he now believes that
“They're not currency manipulators,” Trump said.
On the dollar's overall value against major trading partners, Trump said: “I think our dollar is getting too strong, and partially that's my fault because people have confidence in me. But that's hurting — that will hurt ultimately.”
“It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency,” the president said.
The dollar began rising in value in mid-2014, a trend that has exerted a drag on
Trump was highly critical of Yellen during the fall campaign, accusing her of keeping borrowing rates low to help
But asked during the Journal interview whether Yellen would be “toast” when her term ends next year, Trump said, No. not toast.”
“I like here, I respect her,” Trump said, noting that the two have met since he took office for an
“We think it is very important,” to have a community banker on the Fed board, Mnuchin said.
With the departure last week of