International Developments and Monetary Policy
Policy choices we make today can strongly influence the process by which trade imbalances will adjust. The most desirable path for reforming our international accounts and for creating a healthy economic environment requires the use of monetary policy to promote price stability in the United States and abroad.
The views authors express in Economic Commentary are theirs and not necessarily those of the Federal Reserve Bank of Cleveland or the Board of Governors of the Federal Reserve System. The series editor is Tasia Hane. This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License. This paper and its data are subject to revision; please visit clevelandfed.org for updates.