$DXY Dollar trade-weighted cycles tend to last on average 8 year

DXY Dollar trade-weighted cycles tend to last on average 8 years

* There are many indicators that tell us interest rates are too low
* There is no precedented history to have rates at zero. I think we are really behaving in a way which is outside of historical norms and that should make us nervous
* Given the unemployment rate, and even given low inflation, we are below where we would normally be
* US inflation below target but not that far below target
* The dollar is not our responsibility
* Could be some reverberations from stronger dollar, but should be relatively small
* We should not respond to every wiggle of financial markets
* Don't think buying assets is the solution to creating more inflation
* Challenges for both euro zone and japan to lift inflation
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