President Donald Trump said Tuesday the U.S. is at a disadvantage compared to other major currencies like the euro as other central banks keep interest rates low while the Federal Reserve's rates are higher by comparison.
"The Euro and other currencies are devalued against the dollar, putting the U.S. at a big disadvantage," Trump tweeted, adding the Fed doesn't have "a clue."The dollar fell slightly against the euro following Trump's tweets, but remained little changed.
Trump has repeatedly gone after the Fed for what he considers to be tight monetary policy. The Fed hiked rates four times in 2018. In December, after the central bank raised rates for the last time last year, Trump eviscerated the Fed. Trump called the Fed "the only problem our economy has" in a tweet, noting they "don't have a feel for the Market."
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