Greetings Economists,
On Jun 21, 2008, at 7:17 AM, Jim Devine wrote:
why does the Fed have to support the dollar exchange rate? Why not
simply enjoy an export surge?
Doyle;
I'd take it a bit further and ask why this level of dollar decline and
inflation is their bottom line? Is this a place they felt ready to
address based upon their decision to let the dollar drop awhile back?
And also can they halt the slide now? Without provoking worse more
drastic recessionary pressures from being released? I mean raising
interest rates now would they provoke a sharper recession and more
economic pain? As I think likely, or is a soft landing possible still?
thanks,
Doyle
_______________________________________________
pen-l mailing list
[email protected]
https://lists.csuchico.edu/mailman/listinfo/pen-l
