How Trump Might Be Cashing In on a Weakening Dollar
Donald Trump
The Federal Reserve lowered interest rates by another quarter of a percentage point Wednesday. Given a recent sharp falloff in job creation, that’s the right call. But it will further weaken the dollar, which has lost about 5 percent of its value since Donald Trump’s inauguration. Another alternative currency that, at least theoretically, acquires value from a weaker dollar is cryptocurrency, and Trump just happens to hold a multibillion-dollar chunk of crypto. That’s no small conflict of
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