Trump Says Dollar Too Strong in Renewed Criticism of Powell
- Refers to Powell as someone who ‘likes raising interest rates’
- Most expect Fed to leave rates unchanged at next meeting
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President Donald Trump said Saturday that the U.S. dollar is too strong and took a swipe at Federal Reserve Chairman Jerome Powell as someone who “likes raising interest rates.”
The dollar was quoted lower against the euro and the yen in early Asia-Pacific trading hours on Monday after Trump’s comments.