Trump Flips On Five Core Campaign Promises In Under 24 Hours

Blink, and you missed Trump’s blistering, seamless transformation into a mainstream politician.
In the span of just a few hours, President Trump flipped to new positions on several core policy issues, backing off on no less than five repeated campaign promises.
In a WSJ interview and a subsequent press conference, Trump either shifted or completely reversed positions on a number of foreign and economic policy decisions, including the fate of the US Dollar, how to handle China and the future of the chair of the Federal Reserve.
Goodbye strong dollar and high interest rates
In an announcement that rocked currency markets, Trump told the WSJ that the U. S. dollar ‘is getting too strong’ and he would prefer the Federal Reserve keep interest rates low. ‘I do like a low-interest rate policy, I must be honest with you,’ Mr. Trump said. ‘I think our dollar is getting too strong, and partially that’s my fault because people have confidence in me. But that’s hurting – that will hurt ultimately,’ he added. ‘Look, there’s some very good things about a strong dollar, but usually speaking the best thing about it is that it sounds good.

This post was published at Zero Hedge on Apr 12, 2017.