Trump President FRB “Raises interest rate quickly and quickly” 5:36 on August 8
President Trump has once again put pressure on the Federal Reserve Board, the FRB, the central bank in the United States, to “shake interest rates quickly and drastically”. While criticizing China's depreciation of the renminbi as a currency manipulation, the United States seems to have an aim to counter China by strengthening interest rate cuts that can easily lead to a weaker dollar.
As trade disputes between the United States and China have protracted, the Trump administration has deliberately set the currency and renminbi so that China will have an advantage in exports, following the rise of the yuan's weak dollar for the first time in 11 years. The country has been recognized as a "exchange operation country" as a cheap guide, and the conflict between the two countries has deepened.
In connection with this, President Trump posted on Twitter on the 7th that “the FRB should cut interest rates quickly and rapidly. And asked for further rate cuts.
In general, if interest rates are lowered, the currency of the home country is likely to be cheaper, so President Trump is likely to press the FRB to cut further interest rates in an attempt to stop the yuan's weak dollar trend.
In addition, President Trump has told reporters at the White House that "China has been tormenting us with unfair trade deals. We must fight China."
The FRB will hold a meeting to decide monetary policy from the 17th of next month, but the deepening conflict between the nations in the United States and China may affect policy decisions.