Trump Shreds Economic Playbook With Strong Dollar, Fed Jabs
- President complains that rising dollar hurting U.S. economy
- Dollar, interest rates no longer off limits for commentary
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President Donald Trump is showing that no economic-policy tradition is sacred in his pursuit of faster growth and lower trade deficits.
The president on Friday accused China and the euro area of manipulating their currencies, and complained that a rising dollar is blunting America’s “competitive edge.” In a reference to interest-rate increases by the Federal Reserve, Trump added, “tightening now hurts all that we have done. Debt coming due & we are raising rates --- Really?”