Trump: my fault the dollar is ‘too strong’
President Donald Trump says the US dollar is “getting too strong” and it will eventually hurt the US economy, even as he says he’d like to see interest rates stay low, the Wall Street Journal reports.
In an interview, Trump also said he would not label China a currency manipulator in a US Treasury report due later this week, the Journal said.
He also said he respected Federal Reserve Chair Janet Yellen, saying she was “not toast” when her current term ends in 2018.
“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,” he said.