None
EN
WSJ editorial sends Trump clear warning that falling dollar dream may become his nightmare
['Daniel Hampton', 'Thom Hartmann', 'Jordan Green', 'Investigative Reporter', 'Ray Richmond']
Raw Story
The conservative Wall Street Journal editorial board warned Wednesday that President Donald Trump is playing with financial fire.
This week, Trump declared a weaker dollar "great," but the Journal warned "he should be careful what he wishes for," as experts have sounded the alarm on what could become a catastrophic miscalculation.
They often discover that a weak dollar is a liability," the editorial said.
Other politicians for decades have chased the fantasy that a weaker dollar magically boosts exports and jobs.
"This should set off alarms for Mr. Trump, since a weak dollar risks inflation he can ill-afford before the November midterms," the Journal warned.