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Economic Commentary

Exchange-Market Intervention and U.S. Monetary Policy

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The United States often buys or sells foreign currencies, hoping to influence dollar’exchange rates. The most visible result of these transactions, however, seems to be a continuing debate about their appropriateness.

10.01.1991EC 11/1/1991

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.

Suggested Citation

Humpage, Owen F. 1991. “Exchange-Market Intervention and U.S. Monetary Policy.” Federal Reserve Bank of Cleveland, Economic Commentary 11/1/1991.

This work by Federal Reserve Bank of Cleveland is licensed under Creative Commons Attribution-NonCommercial 4.0 International