President Donald Trump on Aug. 8 renewed his demand for the Federal Reserve to lower interest rates to help U.S. companies compete on the global market.
“As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing, John Deere, our car companies, & others, to compete on a level playing field,” Trump wrote on Twitter.
