US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP
US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP
Moritz Kraemer
Opinion

Opinion

The View by Moritz Kraemer

The Federal Reserve should not be helping the US become a closet currency manipulator

  • The US central bank does not have a strong case for a rate cut and a looser policy. With a widely expected rate cut imminent, the Fed chief might be bowing to pressure from Donald Trump to weaken the dollar

Moritz Kraemer
Moritz Kraemer

Updated: 4:57am, 24 Jul, 2019

Why you can trust SCMP
US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP
US President Donald Trump has called for a weaker dollar. Is the Federal Reserve cutting interest rates to give him what he wants? Photo: AFP
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Moritz Kraemer

Moritz Kraemer

Moritz Kraemer is the chief economic adviser of Acreditus, a Dubai-based financial advisory firm, and a former chief global ratings officer for sovereigns at S&P Global.