Stephen Moore, one of Donald Trump’s economic advisers during the campaign, said he was not concerned about most of the president’s latest policy flip-flops, but disagrees that the U.S. currency is too powerful.
“Advocating a weaker dollar is I don’t think good policy or good politics,” Moore told The Washington Post. “A strong dollar is a strong president, and a weak dollar is a weak president,” the Newsmax Finance Insider said.
Trump earlier this week said he won’t brand China a currency manipulator, retreating from core campaign promise, though he argued that a strong dollar is hampering the ability of American firms to compete.
Trump, in an interview with the Wall Street Journal on Wednesday, appeared to acknowledged that China hasn’t been intervening to weaken its currency recently. “They’re not currency manipulators,” he said.
It was a shift of opinion after Trump accused China during last year’s election campaign of manipulating