Backing away from a campaign pledge, President Donald Trump said Wednesday that his administration won't label China a currency manipulator in a report due this week, though he does think the U.S. dollar "is getting too strong." In the interview, Trump said, "I do like a low-interest rate policy, I must be honest with you." The decision not to label China a currency manipulator represents one of the sharpest reversals of Trump's brief presidency. As a candidate, Trump pledged to instruct his Treasury secretary to label China a currency manipulator immediately after he took office. But asked during the Journal interview whether Yellen would be "toast" when her term ends next year, Trump said, No.

Source: CBC News April 12, 2017 20:21 UTC