Low-Interest-Rate Person: Trump Campaign and Emphasise Shelton

low-interest-rate person: Others point to her conversion into a low-interest-rate person . Still others highlight her advocacy of the gold standard as insulating US monetary policy from an unreliable Fed, according to The Guardian. These interpretations all miss the point, which is that Shelton is a proponent of fixed exchange rates. Some emphasise Shelton's fidelity as an early adviser to the Trump campaign. Her belief in fixed rates is catnip to an administration that sees currency manipulation as a threat to winning its trade war. But a 10% tariff that is offset by a 10% depreciation of foreign currencies against the dollar leaves the relative prices of US imports unchanged. Team Trump wants to compress the US trade deficit and enhance the competitiveness of domestic manufactures by using tariffs to raise the price of imported goods. (news.financializer.com). As reported in the news.