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Exchange Rate Policy

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The U.S. Treasury and the Federal Reserve seem increasingly hesitant to intervene in foreign exchange markets, and for good reason. Since 1990, U.S. interventions have often seemed ineffectual in stabilizing key dollar exchange rates.

Suggested citation: “Exchange Rate Policy,” Federal Reserve Bank of Cleveland, Economic Trends, no. 97-07, pp. 19, 07.01.1997.

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