The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
The US Treasury secretary said the strong dollar policy continued under Mr. Trump, saying in an interview that it had not wavered at all. "We want a stronger dollar. We don't want other countries to manipulate trade by devaluing their currencies."
Tesla rose more than 5 per cent in premarket trading after news that Mr. Trump might seek to ease restrictions on autonomous cars and Mr. Musk was laying out "fully driverless".
Fed Chairperson Jerome Powell said it was too early to pass judgment on the impact of Trump's policies and that it was important to reserve judgment on the impact of new policies and wait and see how things actually develop. In the case of fiscal policy, passing a bill takes a long time. The Fed has time to assess the net effect of policy changes before reacting to them. Changes in government policy usually do not have an immediate impact on the achievement of the Fed's goals.
Federal Reserve Chairperson Jerome Powell has said he will not step down as chairperson of the Federal Reserve even if Trump asks.