Money, Manufacturing, and the Strong Dollar
Some commentators have urged the Federal Reserve to help U.S. firms that export or that compete against imports by easing monetary policy and fostering a dollar depreciation. This is a bad idea, and not just because it ultimately won’t help the traded-goods sector.
Suggested citation: "Money, Manufacturing, and the Strong Dollar," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-08, pp. 08, 08.01.2001.