Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Macro Musings with David Beckworth
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The Fed's Domestic Mandate Can Have a Global Effect
The Fed has a domestic mandate, right? It has to set policy for what's happening domestically. We set interest rates for our US economy, a domestic mandate. But what happens is it can affect the global economy. And maybe to the extent that comes back and affects us and directly we account for it.
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