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Trump Urges Fed To Cut Rates, Launch QE To Counter “Strong” Dollar

Courtesy of ZeroHedge

President Trump took to Twitter this morning to admonish Fed Chair Powell (something he hasn't done for a little while).

Trump said "Would be sooo great if the Fed would further lower interest rates and quantitative ease."

Why? The economy is doing great right?

"The Dollar is very strong against other currencies and there is almost no inflation. This is the time to do it. Exports would zoom!"

There's just two things…

First, the dollar is at 5-month lows having tumbled since the Phase One trade deal was "completed"…

Source: Bloomberg

and Second, The Fed is printing money at its fastest pace since the financial crisis…

Source: Bloomberg

Notably Dallas Fed's Kaplan hinted briefly in his speech this morning that we should not assume the dollar will be the reserve currency forever.

 


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