But what role does the Fed actually play in controlling currency exchange rates? “Not much,” said Gary Richardson, a finance professor at the University of California at Irvine and the former official Federal Reserve historian. Congress has told the Fed that currency exchange rates are “not part of your job.”

For the full story, please visit https://finance.yahoo.com/news/why-trumps-wrong-to-blast-the-fed-over-chinas-currency-manipulation-160148204.html

 

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