Date: 2 weeks ago   Category: Economy

Trump charged to prepare devaluation of dollar - media


Disturbs the U.S. President Donald Trump that strengthening of dollar poses a threat for its economic agenda, and he asked assistants to consider ways of depreciation of the American currency.

with reference to sources reports about it to Bloomberg. Trump asked

questions of dollar last week during the interviews with Judee Shelton and Christopher Waller whom offered at a position in board of governors of the Federal Reserve System, reported sources.

He complained that the strong currency can cool an economic boom which, by its calculations, has to provide it the second presidential term.

the Chief economic adviser to the president Larry Kadlou and the Minister of Finance Stephen Mnuchin oppose any interventions of the USA on depreciation of dollar, reported sources.

Waller, the executive vice president of Federal Reserve Bank of St. Louis, told Trump that members of the Central Bank do not consider dollar cost at decision-making at the rates.

of Kadlou who participated in a meeting in the Oval office, reminded the president that the Ministry of Finance is responsible for monitoring of a condition of dollar.

the Press service of the White House did not answer a request for comments, and the representative of the Ministry of Finance refused comments.

At Trump the limited choice of ways to weaken dollar, writes the edition. He could achieve the international covenant with other large economies to weaken currency through joint efforts, but as the high-ranking official of the White House told, such agreement is not planned.

as other option Mnuchin could demand intervention of FRS which would be carried out by Federal Reserve Bank of New York, using means of stabilization fund of the Ministry of Finance and own dollar assets of FRS.

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