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Trump says he could still take steps to weaken dollar, fueling confusion

Section: Daily Dispatches

By Damian Paletta
Washington Post
Friday, July 26, 2019

President Trump gave mixed signals this week as to whether he would intervene and try to weaken the U.S. dollar, telling aides Tuesday he had ruled out the idea but telling reporters on Friday he was still open to it.

On Tuesday, Trump rejected a recommendation from senior adviser Peter Navarro that the United States should take steps to weaken the U.S. dollar to boost U.S. exports, people briefed on the exchange said. Trump said intervening could damage the U.S. economy and cause problems that would difficult to control, the people said.

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But today Trump told reporters he had not ruled anything out. He said the strong U.S. dollar was making it harder for U.S. companies to boost exports, something he blamed in part on the Federal Reserve’s decision to raise interest rates last year.

"I could do that in two seconds if I want to," Trump told reporters in the Oval Office this afternoon. "I didn't say I'm not going to do something." ...

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