Treasury Secretary Scott Bessent said the US continues to have a “strong dollar” policy under President Donald Trump.
“The strong-dollar policy is completely intact with President Trump,” Bessent said in an interview with Bloomberg’s Saleha Mohsin Thursday. “We want the dollar to be strong. What we don’t want is other countries to weaken their currencies, to manipulate their trade.”
When the dollar is strong, other currencies are weak by definition. What he say makes no sense. These guys don't have a clue about economics.
https://archive.md/20250207003823/https://www.bloomberg.com/news/articles/2025-02-06/bessent-says-strong-dollar-policy-remains-intact-under-trump
When the dollar is strong, other currencies are weak by definition. What he say makes no sense. These guys don't have a clue about economics.