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A senior U.S. government official said Tuesday that President Trump believed the dollar was too strong and the euro was too weak, and that the situation might ease if the Federal Reserve cut interest rates.
The official also said the White House had no plans to demote Federal Reserve Chairman Powell, adding that there were different views within the Office of the White House Legal Adviser on the president's power to do so.
Trump continued to criticize the Federal Reserve's policies and said that other countries were using monetary policy to manipulate their currencies and gain an advantage in the global market. Trump is expected to emphasize U.S. economic growth in the presidential election for re-election in 2020.
Trump nominated Powell as chairman of the Federal Reserve, but he repeatedly publicly criticized Powell in an attempt to remove him.
The official, who declined to be named, said there was disagreement over whether Trump had the right to replace Powell.
The official also said that Trump is expected to interview other Fed vacancies and several candidates when he returns to the United States at the end of his trip to Japan.


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