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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.'”


*This information is solely a highlight of the opinion of a third-party publication and is incomplete.  Please subscribe to this publication for the full and timely opinion of the author and call a Monex Account Representative for any additional up-to-date information. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.

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