Fed not in it to back a ‘strong dollar’ policy

Let’s get one thing straight: The Federal Reserve isn’t going to raise interest rates to back a “strong dollar” policy. The dollar’s value isn’t a central consideration in the Fed’s interest-rate policy deliberations. Only on rare occasions has it ever been, such as in the late 1970s when the country was having difficulty financing its current ...

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Fed not in it to back a ‘strong dollar’ policy

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