Think december was a mistake. Fareed the dollar has been weakening. Is that a positive trend or a negative one . Ms. Yellen we dont have a goal for the dollar. What we are at is the economy as path forand the likely inflation and employment to achieve our goals. Conditions broadly speaking, the state of financial conditions, impacts our forecast for economic variables. The dollar is one of those. I would call it part of financial conditions along with longerterm Interest Rates, other asset prices, credit market spreads, so it is the the that appreciation of dollar that weve seen over the last year and a half, along with slower global growth, has created a drag on the Global Economy in the sense that our net exports have been holding back growth. U. S. Consumer spending has been Strong Enough to offset that. We look at the balance between those two things. Taking that balance into account, the u. S. Economy is moving forward, and i think financial conditions are forecast to take everyth
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