Competitive devaluation would harm US, Brookings paper warns


Donald Trump

Donald Trump: frequently urged Fed to lower greenback’s value by cutting interest rates

US president Donald Trump should stop urging the Federal Reserve to weaken the dollar, researchers from the Brookings Institution argue.

Trump has strongly criticised the weakness of China and Europe, alleging they are purposefully keeping the value of their currencies low. He has frequently urged the Fed to step in to lower the greenback’s value by cutting interest rates.

Brookings researchers Adam Triggs and Warwick McKibbin examine the impact that a deliberate 6-12% reduction in the value

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments