The exchange rate of the U.S. dollar is not among the objectives of the U.S. monetary policy, Wieland said. In his view, there is no reason for the Fed to deviate from its current monetary policy. "Since the U.S. economy is growing, the inflation rate is close to its objective and the unemployment rate is low, the Fed will have to further raise interest rates". Due to the huge debt mountain, which was held by China, Japan and Europe, a weak dollar would not be a good idea, Wieland added.
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