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‘The Fed Has No Clue!’, Trump Shrieks, Citing Article About European Tourism
Apparently unsatisfied with having branded the Fed "destructive" during a manic phone interview with CNBC on Monday, Donald Trump took to Twitter on Tuesday to lambast America's central bank for the umpteenth time.
Of all the Bloomberg articles the president could have chosen to illustrate the extent to which relatively hawkish US monetary policy has served to underpin the dollar and undercut the tariffs, Trump decided to target a piece on tourism in Europe.
Even a cursory glance at the articl
Since what the US has is an “import economy”, and since a higher dollar (which the fed can create at no cost) allows the US to buy more stuff, a higher dollar is what you want. Tiny has no clue.
The mental midget who cried,”Wolf!”
I am sure he doesn’t mind the American tourists at his resorts and golf courses in Scotland and Ireland or maybe Americans are staying away because of his politics??? A weaker dollar may get him re-elected but it will definitely hurt his properties there.