Dollar Drops as Trump Targets Fed, China, and EU

The video discusses the impact of rate hikes and currency manipulation on the US dollar, with insights from Phil Strebel. It covers Trump's criticism of the Fed, China's currency manipulation, and the EU's economic challenges. The Fed's independence and future interest rate hikes are analyzed, along with the effects of trade tensions on metals like copper.

What is one reason given for the Fed's decision to raise interest rates?

• Strong foreign currencies

• Weak US economy

• High unemployment rates

• Record low unemployment rates

According to the discussion, why might China manipulate its currency?

• To support the EU economy

• To strengthen the US dollar

• To make their goods cheaper

• To increase the cost of their goods

What is the expected number of interest rate hikes by the Fed this year?

• One

• None

• Two

• Three

How have trade tensions affected copper prices according to the discussion?

• Boosted copper prices temporarily

• Stabilized copper prices

• Increased demand for copper

• Decreased copper prices

What is the expected impact of trade tensions on China's economy?

• Improved trade relations

• Stable economic conditions

• Decreased spending and growth

• Increased economic growth