| Because the Fed certainly isn’t. Yet analysts at the bank nonetheless have some strong words about New York Fed President William Dudley’s focus on the dollar.
Let’s get this out of the way: We consider it a huge stretch to think the Fed — which only started targeting inflation in 2012 — is anywhere near actually targeting a level for the dollar. Dudley said outright that it isn’t. And drawing any proper conclusions about the FOMC’s decision-making process from one member’s comments is always tricky...............................................Full Article: Source
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