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Fed's Low-Rate Policy Has Driven The Dollar Down, And U.S. Trading Partners Aren't Happy

Sunday, January 27, 2013 - 8:00 AM
The dollar has dropped more than 10 percent against the currencies of our major trading partners since 2009, when the world financial crisis was in full swing and the Fed invented one program after another to drive down interest rates.

http://www.washingtonpost.com/business/economy/feds-low-rate-policy-has-driven-the-dollar-down-and-us-trading-partners-arent-happy/2013/01/25/1166fe2e-6689-11e2-9e1b-07db1d2ccd5b_story.html


 
4
ShorebreakShorebreak2,686 posts since
Apr 6, 2010
Rep Points: 14,567
1. Sunday, January 27, 2013 - 3:07 PM
It's  sure bet that our politicians can't learn from past mistakes.  Fooling around with the value of our currency cannot be anything but bad news!  If they devalue the currency, they also make our savings worth less!  Are savers ever going to get a break here?  I think these people making these decisions in the Fed all need daily urine tests to see if they are on anything more than orange juice for breakfast! 
4
paoli2paoli21,401 posts since
Aug 10, 2011
Rep Points: 6,135
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