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so the strength of the dollar is making life harderfor many outside of the united states. but how much of that is to do with the central bank there, the federal reserve, raising interest rates? and how much is it to do with the struggles of other economies dealing with the covid pandemic and now the war in ukraine? well, london, it s one of the world s major currency trading hubs. so i ve been to the offices of the us investment banking giantjp morgan to catch up with its co head of currency strategies. meera chandan, a real pleasure having you on my show. thanks so much forjoining me. and mera, i vejust shown our viewers an explainer of why the dollar is so high. but what does it mean for the global economy, a very strong dollar? a strong dollar does lead to several pressure points. i mean, firstly, let s talk about what it means for the us. for the us, a stronger dollar means firstly slower growth and on the margin, higher inflation. now clearly, this is what the fed is going for as
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i mean, this is a function of, the dollar is a function in part of what the fed is doing. and the fed s main policy objective right now is to lower inflation in the us. and if it comes at a cost, that is, slower growth, well, they re willing to incur that cost and they ve told us that. outside the us, i think that s where there is greater pain because there are countries, obviously, the flipside of a strong dollar is weaker currencies for the rest of the world. and there, the policymakers are struggling more because obviously everybody is trying to get inflation to be lower, and if their currencies are weakening, that actually puts an upward pressure on inflation. if countries are feeling the pain, suffering from a strong dollar, i was going to ask you, if anything they could do about it? they could either raise interest rates, so that attracts foreign capital flows but obviously, that comes at a cost and in an environment in which global growth is weakening, the other part of that pol
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how to stay or leave afghanistan, every president from bush to obama to trump to biden agrees on the goal. the policy objective of killing bin laden s successor, al zawahiri. if you read news online or read a news show like this one or nbc nightly news, you would just hear that fact. but if it s the kind of point that s obscured, censored or denied on fox, especially since 2016 when that network aligned with donald trump after an initial revolt. it s noticeable now amid signs that murdoch is pushing the channel back in the other direction, trying to skip coverage of trump s speeches, promoting ron desantis, featuring coverage of insurrection evidence. all part of an a merging split. none of this is monolithic, and that was apparent in this big story i m mentioning and how it was covered last night for so many americans and conservatives who watch fox. you have the headline there, trump allies like hannity say the killing of a 9/11 plotter
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