Alan Greenspan has weighed in on Donald Trump's "strong dollar" comments.
ADVERTISEMENT
ALAN GREENSPAN: 'I turned off my hearing aid' after hearing Trump warn about the strong dollar
"Nobody's going to talk [the dollar] up or down — whether it's the president of the United States or any person you want to choose."
dollar index 4 20 17 COTD
ADVERTISEMENT
Recommended articles
CNBC's Sara Eisen asked the former Federal Reserve Chairman in an interview what he thought when he heard the US President warn that the dollar is too strong and that it's hurting America.
"I turned off my hearing aid," he replied.
Asked whether he thought Trump might be able to talk down the dollar, he argued the US currency's central role in the global financial system meant Trump's statements wouldn't have much effect.
ADVERTISEMENT
"Let's put it this way. The dollar is the international currency in which all the forces of global finance converge and set the price," he said. "Nobody's going to talk it up or down — whether it's the president of the United States or any person you want to choose."
Last week, Trump said in an interview with the Wall Street Journal,
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
DalaPay forecasting new trends in African payment systems for 2024
Smart traveler's guide: Securiport experts share advice for mitigating security risks
Tanzania vows to help boost Somalia's defense and security
Changes in the net worth of Africa's 10 richest men since January
France to back Morocco's power link to Western Sahara
Kenya’s Ruto backs Zimbabwe’s ZiG currency for economic prosperity
Here’s another reason Nigeria is losing billions of dollars annually
Top 10 African countries with the lowest fuel prices in April 2024
