White House adviser Navarro: Falling bond yields another sign Fed should cut interest rates

In an interview with Fox Business Network, White House adviser Navarro said that the biggest problem the United States was facing was the Federal Reserve’s interest rate policy. Navarro further argued that falling Treasury bond yields were another sign that the Fed should lower interest rates.

The US Dollar Index largely ignored these comments and was last down 0.08% on the day at 97.75.