Kudlow: Would like to see the USD a wee bit stronger than it currently is
|Larry Kudlow, President Trump's new pick for top economic advisor following the recent resignation of Gary Cohn, is hitting the wires today with comments about the Greenback, China, and the Federal Reserve.
Key highlights:
- No reason to believe Trump is opposed to a strong USD.
- No reason to doubt that Trump wants to keep the world's reserve currency steady, stable.
- China has not played by trade rules for a very long time.
- China's behaviour has earned a tough response.
- Doubts that recently announced tariffs will hurt the US economy.
- Federal Reserve will do what it must.
- Hopes the Fed doesn't "overdo it".
- Would like to see the USD "a wee bit stronger" than it currently is.
- Nobody has ever devalued their way to prosperity.
- NAFTA needs to be 'reupholstered', but outright leaving NAFTA would have negative consequences.
- It is 'unfair' that the European Union has quotas on US cars, but the US has to pay VATS in the EU.
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