The Federal Reserve can turn the leaf - gently
January 18, 2015 at 20:57 PM EST
A strong dollar is a powerful dampener of U.S. inflation. Over the last twelve months, the dollar's trade-weighted exchange rate rose 13.3 percent - marking 14.4 percent and 13 percent increases against the euro and the yen, respectively. These two currencies are legal tenders in one-fifth of the world economy, which is a destination for 18 percent of America's foreign trade.