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Markets Still Trying To Digest Dollar Policy of Trump Administration; ECB Meeting

Markets Still Trying To Digest Dollar Policy of Trump Administration; ECB Meeting

10 Months ago | July 29, 2018 00:00:00

John M. Bland, MBA, co-founder, Global-View.com


Trump Statements Opposing Strong Dollar Still Being Absorbed A week ago U.S. President Trump took the unprecedented step in recent history of talking down the USD and opposing further policy tightening by the Federal Reserve. The last President to jawbone the Fed not to raise interest rates was Richard Nixon in the early 1970’s. Since then its been taboo for a President to encroach on the independence of the Fed by commenting on monetary policy. As for his comments on forex, after too many misstatements by untrained government officials, it has become

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