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Trump asks aides to find ways of weakening the dollar

Section: Daily Dispatches

All the president needs to do is compel the Treasury Department and Federal Reserve to answer U.S. Rep. Alex Mooney's questions from last year --

-- and compel the Commodity Futures Trading Commission to answer GATA's questions from last year:

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Trump's Concern about Strengthening Dollar Shows Up in Fed Interviews

By Saleha Mohsin and Jennifer Jacobs
Bloomberg News
Wednesday, July 10, 2019

President Donald Trump has grown concerned that the strengthening U.S. dollar is a threat to his economic agenda and has asked aides to cast about for ways to weaken the greenback, according to people familiar with the matter.

... Dispatch continues below ...


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Trump asked about the dollar in job interviews with both Judy Shelton and Christopher Waller last week, whom he has selected for seats on the Federal Reserve's board, the people said. He lamented that the currency's strength could blunt an economic boom that he expects to carry him to a second term.

The president's top economic adviser, Larry Kudlow, and Treasury Secretary Steven Mnuchin both oppose any U.S. intervention to weaken the dollar, the people said. ...

... For the remainder of the report:

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