Rising currency not a big focus for the Fed

Rising currency not a big focus for the Fed. The U.S. Federal Reserve is not spending much time discussing the strength of the dollar at its meetings, outgoing Fed policymaker Richard Fisher said on Thursday, adding the central bank should start raising interest rates, albeit slowly. The recent rise in the dollar, which hit a one-month high against a basket of currencies on Thursday, has led some in the market to question whether the Fed will push ahead with its first rise in interest rates in almost a decade. I would say that in our deliberations we don't spend too much time on that (the stronger dollar), Fisher said during a lecture organized by Imperial College London. Fisher, who will step down next month and will not take part in the next rate-setting meeting, has long been calling for the Fed to start tightening its monetary policy. I would rather tighten sooner and slower than later and sharper, Fisher said. We cannot slam on the brakes. Full article: (VIEW LINK)


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