President Donald Trump said he has not ruled out measures tocounter the dollar's strength and noted that while it was a“beautiful thing” to have a strong currency, it makes U.S. exportsmore expensive.
“I didn't say I'm not going to do something” on the dollar,Trump told reporters Friday in the Oval Office. “The dollar is verystrong, the country's very strong, the dollar—it's a beautifulthing in one way, but it makes it harder to compete.”
Hours earlier, White House economic adviser Larry Kudlow said onCNBC that the administration had “ruled out any currencyintervention” following a meeting with the president and hiseconomic team.
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