Trump Vs. The Fed, Or Trump Vs... Trump? : Planet Money President Trump broke with tradition by lamenting that rising rates are keeping the dollar strong and the trade deficit wide. But rising rates and a stronger dollar are the results of his own agenda.
NPR logo Trump Vs. The Fed, Or Trump Vs... Trump?

Trump Vs. The Fed, Or Trump Vs... Trump?

Last week, President Trump told CNBC that he doesn't like the Federal Reserve's policy of gradually raising interest rates. In particular, he laments that rising interest rates will lead to a stronger dollar, potentially exacerbating the U.S. trade deficit.

The dollar has strengthened this year, but if President Trump wants to assign blame for the stronger dollar, then he should save most of it for his own agenda.

Josh Barro of Business Insider joins us to discuss.

Links:

Trump is mad about Fed rate hikes, but he only has himself to blame for them.

Nominal Broad Dollar Index

Music by Drop Electric. Find us: Twitter/ Facebook.


Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.