Fed keeps focus on US economy as the world tilts toward a recession that it may be contributing to
- Written by D. Brian Blank, Assistant Professor of Finance, Mississippi State University
The Fed has a mandate that keeps its focus on the U.S.AP Photo/Mark LennihanThe U.S. Federal Reserve holds inordinate sway over the world’s economies – yet it acts, in some ways, like they don’t really matter.
Its power is primarily because of the dominance of the U.S. dollar, which soared in recent months as the Fed’s aggre...