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In response to a Q about Fed reaction to........>

FED
FED: In response to a Q about Fed reaction to dollar strength, Shelton says:
- Monetary policy used to meet domestic economic objectives. Among the factors
to consider is the political context of the global economy and global finance,
and we have to be aware what other central banks are doing. Last year 49 central
banks lowered their interest rate, which caused their currencies to depreciate
vs the dollar. Was not until July that our Fed did likewise.
- It would be anathema of me to suggest that we devalue our money to gain a
trade advantage.

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