Long end of UST market must be “anesthetized” prior to any Trump tariffs or USD devaluation (FFTT, 7/23/24)
We have currency problems…We have a big currency problem. – Former President Trump, via Bloomberg interview, 7/16/24 What’s important there is really the level of the dollar and when the dollar is stronger, obviously our wares are more expensive abroad and that kind of thing, but we don’t have an opinion on… Matters of the level of the dollar are really matters for the Treasury Department and the elected government, not for the Fed. -Fed