From: Fortune; The Fed’s dollar defense by Collin Barr
The Federal Reserve chief this week took the unusual step of saying the Fed is ready to defend the dollar. “We are attentive to the implications of changes in the value of the dollar for inflation and inflation expectations,” Bernanke said Tuesday at the International Monetary Conference in Barcelona, “and will continue to formulate policy to guard against risks to both parts of our dual mandate, including the risk of an erosion in longer-term inflation expectations.”
It’s nice that the Fed has finally decided to look at the US Dollar Index, I just wish they had done so a couple of years ago.
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