Trump thinks dollar is too strong, blames Fed policy: official

 Trump thinks dollar is too strong, blames Fed policy: official

WASHINGTON (Reuters) - President Donald Trump believes the U.S. dollar is too strong, and the euro is too weak, and feels the situation could be eased if the Federal Reserve lowered interest rates, a senior administration official said on Tuesday.

The official also said the White House had no plans to demote Fed Chairman Jerome Powell, adding that there were different views within the White House counsel's office regarding the president's authority to do so.

(Reporting by Jeff Mason; Writing by Tim Ahmann; Editing by David Gregorio)

This story has not been edited by Firstpost staff and is generated by auto-feed.

Updated Date: Jun 26, 2019 00:06:32 IST