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Thursday, March 28, 2024

Trump Slams “Always Wrong” Fed, Says “Not Thrilled At Strong Dollar”

Courtesy of ZeroHedge. View original post here.

President Trump took to Twitter today to make it clear he is not a “strong dollar” advocate:

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

And the blame is pretty easy to find…

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.

And then finally, a call to action once again…

“With substantial Fed Cuts (there is no inflation) and no quantitative tightening, the dollar will make it possible for our companies to win against any competition.

We have the greatest companies in the world, there is nobody even close, but unfortunately the same cannot be said about our Federal Reserve.

They have called it wrong at every step of the way, and we are still winning. Can you imagine what would happen if they actually called it right?”

While the dollar did initially dip on the tweets, it quickly reverted back higher…

We’re gonna need direct intervention, Don!

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