The Dollar's Doing What President Trump Wanted

“Our dollar is getting too strong,” President Trump said at the beginning of his first term, “and partially that’s my fault, because people have confidence in me.” Well, his past few weeks of erratic leadership — from Greenland to Minneapolis to the criminal investigation of the Federal Reserve chair — have apparently done a great deal to sap that confidence. Last week the U.S. dollar slid to a four-year low. It has risen a little since then, but it’s still close to multiyear lows. That could be good for the U.S. economy, though probably not in the way Mr. Trump wants. Read Full Article »