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Is the Federal Reserve Trying to Smooth the System?
The US dollar has appreciated broadly against almost every other currency on the planet over the past several months, and actually over the past two years. What you are experiencing in terms of volatility and uncertainty is something that's being broadly held around the world. The federal reserve is trying to smooth those dynamics. Are they perfect at their jobs, or are they even close to being good at their jobs? Is debatable. But it is system designed to try to smooth and that's what i hear them refer to when they say, our objective is price stability. They don't want you to have to think about the dollar. That's what they're talking about and buy ing large what pop is high lighting