Pamela Brown to Sec. Lutnick: ‘The Dollar Is Weakening, Is that Part of the Strategy?’

‘Some economists say that is what the administration is trying to do here’

EXCERPT:

BROWN: “Very quickly, the dollar is weakening, is that part of the strategy here? As you know, some economists say that is what the administration is trying to do here, weaken the dollar.”
LUTNICK: “Donald Trump called out currency manipulation. Technically, right, you would think the dollar would rally on this kind of thing. But why is it falling? Because Donald Trump said, stop manipulating your currency.”
BROWN: “Do you want it to fall? Are you happy -- is this part of the --”
LUTNICK: “If the world stops manipulating the currency, right, then the dollar gets cheaper, our ability to export is better, it's easier. Our people --”
BROWN: “So this is part of the strategy?”
LUTNICK: “Well, stop manipulating, right? The dollar was just bolstered up by these economies because they were faking it. It's got to stop. We need to be treated fairly. Thank God we've got Donald Trump in the White House. He's finally going to treat America fairly. He's going to finally treat American workers fairly. This is the biggest change you're ever going to see because you have the right guy in the White House doing the right things protecting American workers.”

 

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