Trump’s shocking comments on the dollar are regrettable and confusing the market, ex-Treasury secretary says

0
27


From cnbc.com

President-elect Donald Trump’s stunning remark Tuesday that the U.S. dollar is too strong was “unusual” and “leaves the market confused,” former Clinton Treasury Secretary Larry Summers told CNBC on Wednesday.

Summers said Trump is pursuing policies — such as a proposed border tax for companies and other fiscal policy changes — that would boost the currency.

“The rise of the dollar is a predictable consequence,” Summers told at the World Economic Forum in Davos, Switzerland.

The argument for weakening the dollar is that a strong greenback runs against plans to rescue American’s manufacturing base; … (full story)



Source link

NO COMMENTS

LEAVE A REPLY