Balancing Inflation and Growth Part 8 of 13 »

Balancing Inflation and Growth Part 8 of 13 Over the same period, the dollar has declined nearly 3 percent against the euro. We know that monetary policy acts with a lag of commodities trading systems, but even with my well-documented pessimism about the efficacy of lowering the fed funds rate to 3 percent, I had privately hoped, against the