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2016-10-24 — financialsense.com
The dirty little secret the ECB and Bank of England won't openly admit to--nor the Bank of Japan for that matter--is that they are just fine with their respective currencies continuing to weaken. They are all angling to jumpstart economic growth and inflation, and a weak currency helps in that pursuit.
The Federal Reserve, of course, is hoping to do the same and a rapidly appreciating dollar is not helping wholeheartedly in that effort.
...
It's just one more reason the Federal Reserve is in a real pinch right now. The US economy isn't strong, yet it is strong enough not to have the policy rate as close as it is to the zero bound.
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