Trump’s potential administration is expected to maintain a strong dollar, according to economic advisor Scott Bassent. In an interview with the Financial Times, Bassent dismissed concerns about deliberate dollar devaluation under Trump’s presidency. He emphasized that a strong dollar aligns with the long-standing US policy and that good economic policies naturally lead to a robust currency. Bassent, who has been described by Trump as one of the most brilliant men on Wall Street, also defended Trump’s proposed inflationary-imports tariffs, predicting that these positions will be tempered during negotiations with trading partners. Despite Trump’s previous calls for a weaker dollar, Bassent believes that ultimately, Trump is a supporter of free trade and understands the economy.
Latest
Trump’s New Administration Would Support Strong Dollar, Economic Advisor Says
