President Donald Trump on Saturday renewed criticism of the Federal Reserve and said the U. S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States‘ competitiveness.
OXON HILL, Md. (Reuters) – President Donald Trump on Saturday renewed criticism of the Federal Reserve and said the U. S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness.
“We have a gentleman that likes a very strong dollar at the Fed,” Trump said at the annual Conservative Political Action Conference in Oxon Hill, Maryland. “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”
Trump, who has made the economy a key part of his political platform, has repeatedly criticized the Federal Reserve and its chairman, Jerome Powell, whom he appointed to head up the Fed, for raising interest rates.
