Tweets Thursday: Interest Rates and Dollar

tweets thursday: I am not! ; Trump said that the Fed's high level of interest rates in comparison to other countries was keeping the dollar too strong and making it more difficult for U.S. manufacturers to compete, according to The Japan Times. The Fed reduced its key policy rate by a quarter-point last week, but Trump is pushing for more interest rate cuts. In a series of tweets Thursday, Trump said, As your president, one would think that I would be thrilled with our very strong dollar. Those cuts can lower the dollar's value against other currencies, although other factors are also at play. At the moment, the U.S. economy, while slowing, is still performing better than most other major economies. The dollar's value is affected not only by relative interest rates in the United States compared to other countries but also factors such as economic growth rates and foreigners' investment opportunities. (news.financializer.com). As reported in the news.