Greenback Sinks, Treasuries Get a Boost From Trump's Fed Salvo
- President says he’s not happy with higher interest rates
- Comments unlikely to sway monetary policy, Bianco says
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Treasuries gained and the dollar sank on Thursday after U.S. President Donald Trump criticized the Federal Reserve’s interest-rate increases and lamented the greenback’s strength.
In an interview with CNBC on Thursday, Trump said he was “not thrilled” with the Fed’s rate hikes. He also said “our currency is going up, and I have to tell you it puts us at a disadvantage.” The full interview will air at 6 a.m. New York time Friday.