President Donald Trump reiterated his criticism of the Federal Reserve's monetary policy and said it is promoting a strong U.S. dollar, possibly at the expense of the U.S. economy, during a nearly two-hour speech at the Conservative Political Action Conference on Saturday.
"America is now booming like never before," Trump said. "Other countries are doing very poorly. That makes it even harder for us to be successful. Plus, we have a gentleman that likes raising interest rates in the Fed," he said, referring to Federal Reserve Chair Jerome Powell.
"We have a gentleman that loves quantitative tightening in the Fed. We have a gentleman that likes a very strong dollar in the Fed. So with all of those things — we want a strong dollar but let's be reasonable — with all of that we're doing great. Can you imagine if we left interest rates where they were? If we didn't do quantitative tightening? I want a dollar that's great for our country but not a dollar that's prohibitive for us to be doing business with other countries."
CPAC began earlier this week on Feb. 27 and runs until tomorrow, March 2. It has already featured a range of conservative speakers who covered an array of topics, from the opioid crisis to abortion, and considers itself the "birthplace of modern conservatism."
In his speech, Trump touched on a wide range of topics from the recent talks with North Korea to the 2020 election — which he said he expects to win by a larger margin than the 2016 election — and a recently proposed environmental plan, The Green New Deal.