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Bangkok Post
Bangkok Post
Business

BIZARRE: Inflation keeps u s from stepping in to slow dollar s rapid rise - What They Never Told You

"The central bank is monitoring global financial developments while remaining committed to reducing inflation." — Lael Brainard, Vice chairwoman of the Federal Reserve

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

The U.S. dollar has soared in value as the Federal Reserve raises interest rates to fight the highest U.S. inflation in decades and investors move money into dollar-denominated assets.

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