Fed's Miran Says Weaker Dollar Not Affecting Monetary Policy Choices

(Reuters) - Federal Reserve Governor Stephen ​Miran said Monday ‌a weaker dollar isn’t much ‌of an issue for the central bank right now.

The kind ⁠of decline ‌seen in the dollar “doesn’t matter that ‍much for consumer inflation” and only would if ​it were very ‌dramatic, Miran said at an appearance at the Boston University Questrom School of Business. ⁠When it comes ​to the ​dollar decline, “I don't view it as something ‍that ⁠sort of had material consequences for monetary ⁠policy thus far,” he ‌added.

By Michael ‌S. Derby

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