Fed Lacker: FOMC Actions ‘Designed In Part To Depreciate Dollar’

One of the objectives of Federal Reserve policymakers in expanding bank reserves and extending the period of near-zero short-term interest rates in September was “to depreciate the dollar,” Richmond Federal Reserve Bank President Jeffrey Lacker said Wednesday. But in its efforts to stimulate the …

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Fed Lacker: FOMC Actions ‘Designed In Part To Depreciate Dollar’

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