Fed not trying to push down dollar, Pianalto says
Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday that lowering the value of the U.S. dollar is not a goal of the central bank's ultra-easy monetary policy.
We don't target or try to manipulate the value of our currency; we focus on our two objectives of price stability and maximum employment, she said in response to audience questions at an Oberlin College event.
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