Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue' [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
Trump says 'devalued' currencies put US at a disadvantage and the Fed doesn't have a 'clue' President Donald Trump, left, and Jerome Powell, the new chairman of the Federal Reserve on Thursday, Nov. 2, 2017. Carlos Barria | Reuters President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep interest rates low while the "The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted, adding the Fed doesn't have "a clue." The dollar fell slightly against the euro following Trump's tweets, but remained little changed. The Fed hiked rates four times in 2018. VIDEO 11:05 Heritage Foundation's Stephen Moore: Trump has a right to weigh in about Fed Squawk Box In December, after the central bank raised rates for the last time last year, Trump eviscerated the Fed. Trump called the Fed "the only problem our economy has" in a tweet, noting they "don't have
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