Will the Fed try to convince the public that a depreciating Dollar does not cause inflation?
*The Wall Street Journal, by Sudeed Reddy, November 19, 2007:
"Last month, Fed Chairman Ben Bernanke said that while a dollar
depreciation leads to 'some inflationary effect' as imports' costs
rise, 'our experience over the recent decade has been that those
effects are relatively small.'"
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