The ‘strong-dollar’ policy of the US

The ‘strong-dollar’ policy of the US: "Willem Buiter, Ebrahim Rahbari, 28 June 2011

The strong-dollar rhetoric of the US government contrasts with a weak-dollar reality. This column argues that talking a strong-dollar talk while walking a weak-dollar walk has damaged the reputational capital of the US monetary and fiscal authorities. That has reduced their ability to use statements of intent or announcements of future policy actions to influence markets.

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