Trump’s call for low US interest rates could cripple the dollar and spark higher inflation, warns economist David Scutt
David Scutt says Donald Trump’s call for US interest rates of 1% or less could send the US dollar “through the floor” while fuelling stronger inflation.
With the US economy still running hot and inflation above target, Scutt says markets have learned to treat Trump’s calls for lower rates with “an extremely large grain of salt”.
