Donald Trump says US dollar 'getting too strong' - Wall Street Journal

The dollar's strength will eventually hurt the US economy, said Trump (above).
The dollar's strength will eventually hurt the US economy, said Trump (above).PHOTO: REUTERS

WASHINGTON (REUTERS) - President Donald Trump said on Wednesday (April 12) that the dollar was "getting too strong" and would eventually hurt the US economy, even as he said he would like to see interest rates stay low, the Wall Street Journal reported.

In an interview, Trump also said he would not label China a currency manipulator in a US Treasury report due later this week, the Journal said.

He also said he respected Federal Reserve chairman Janet Yellen, saying she was "not toast" when her current term ends in 2018.

"I think our dollar is getting too strong, and partially that's my fault because people have confidence in me. But that's hurting - that will hurt ultimately," he said.