US President Donald Trump has urged the Fed to cut the benchmark interest rate at a faster pace and on a bigger scale, saying the central bank’s “tight” policy is hurting the US economy. Photo: Xinhua
Neal Kimberley
Opinion

Opinion

Macroscope by Neal Kimberley

How Donald Trump’s currency war may end up hurting the US economy, rather than China

  • The ‘currency manipulator’ tag may turn out to be a paper tiger. More importantly, if China recognises that yuan weakness is not in its interests and sells US-denominated assets to stabilise it, the sale of US Treasuries could add to a tightening of US financial conditions

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US President Donald Trump has urged the Fed to cut the benchmark interest rate at a faster pace and on a bigger scale, saying the central bank’s “tight” policy is hurting the US economy. Photo: Xinhua
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