Trump Complains About Stronger Dollar

President Donald Trump renewed criticism of the Federal Reserve and said the U.S. central bank’s tight monetary policy was contributing to a strong dollar and hurting the United States’ competitiveness.

“We have a gentleman that likes a very strong dollar at the Fed,” Trump said at the annual Conservative Political Action Conference in Oxon Hill, Maryland, on Saturday. “I want a strong dollar, but I want a dollar that’s great for our country not a dollar that is so strong that it is prohibitive for us to be dealing with other nations.”

Trump has repeatedly criticized the Fed and its chairman, Jerome Powell, whom he appointed, for raising interest rates.The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was little changed at 96.46, after hitting its highest in around a week at 96.52 earlier.