 President Trump walks in the colonnade of the White House Rose Garden on April 10. (Jabin Botsford/The Washington Post) By Ana Swanson In a surprising interview with the Wall Street Journal published Wednesday, President Trump turned to two topics that recent presidents have been silent on: The strength of the U.S. dollar and the level of U.S. interest rates. "I do like a low-interest rate policy, I must be honest with you," Trump said, when asked if he would consider reappointing Federal Reserve chair Janet L. Yellen to her post after her term is up on Feb. 3. "I like her, I respect her," Trump added about Yellen. About her potential reappointment, he said, "It's very early." He also criticized the strong U.S. dollar, saying it stemmed partially from people's confidence in him but that the dollar's high value relative to other currencies was also hurting the U.S. economy. A stronger dollar makes the goods that manufactured in the United States seem relatively expensive on global markets, slowing exports. "It's very, very hard to compete when you have a strong dollar and other countries are devaluing their currency," Trump said. Past presidents have typically refrained from commenting on both these issues. Read the rest on Wonkblog.
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