Reported 5 months ago
Reports suggest that if Trump and Pence make a successful bid for the White House in 2024, it could herald a new era for the US dollar. Both support a weaker dollar, believing a strong dollar hinders exports. Speculations include potential measures such as selling dollars to buy foreign currencies, printing more US currency, signaling change by appointing a new Fed chairman, or using tariffs to strengthen domestic currency. These policy shifts could impact international trade and potentially ignite inflation. Former Treasury Secretary Summers warned that a weaker dollar could lead to 'stagflation,' where economic growth slows down while prices rise simultaneously.
Source: YAHOO