Trump opposes the Fed again: quantitative austerity fuels a stronger dollar and undermines competitiveness-Shanghai Metals Market

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Trump opposes the Fed again: quantitative austerity fuels a stronger dollar and undermines competitiveness

Translation 11:50:00AM Mar 04, 2019 Source:SMM

Trump again criticized the Fed on Saturday, saying the Fed's tight monetary policy contributed to the strength of the dollar and damaged the competitiveness of the United States. "there is a gentleman at the Federal Reserve who likes a very strong dollar," Trump said. I want a strong dollar, but I want a dollar that is good for our country, not a dollar that is strong enough to make it impossible for us to deal with other countries. There is a gentleman at the Fed who likes to quantify austerity. We want the dollar to strengthen, but we have to be reasonable. Imagine if we kept interest rates at their current levels, and if we did not adopt quantitative tightening, this would lead to a small depreciation of the dollar. "

Key Words:  Noon news  import and export 

Trump opposes the Fed again: quantitative austerity fuels a stronger dollar and undermines competitiveness

Translation 11:50:00AM Mar 04, 2019 Source:SMM

Trump again criticized the Fed on Saturday, saying the Fed's tight monetary policy contributed to the strength of the dollar and damaged the competitiveness of the United States. "there is a gentleman at the Federal Reserve who likes a very strong dollar," Trump said. I want a strong dollar, but I want a dollar that is good for our country, not a dollar that is strong enough to make it impossible for us to deal with other countries. There is a gentleman at the Fed who likes to quantify austerity. We want the dollar to strengthen, but we have to be reasonable. Imagine if we kept interest rates at their current levels, and if we did not adopt quantitative tightening, this would lead to a small depreciation of the dollar. "

Key Words:  Noon news  import and export