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Dollar ‘getting too strong’

The Associated Press WASHINGTON (AP) — Backing away from a campaign pledge, President Donald Trump said Wednesday that his administration won’t label China a currency manipulator in a report due this week, though he does think the U.S. dollar “is getting too strong.”

Trump also said in an interview at the White House with The Wall Street Journal that he would prefer that the Federal Reserve keep interest rates relatively low.

The president also left open the possibility of re-nominating Janet Yellen for a second four-year term as Fed chair. That would mark another shift from his campaign position that he would likely replace Yellen when her term as chair ends in February next year.

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