Fed Chairman Bernanke’s comments yesterday on the inflationary impact of the weaker dollar have been widely interpreted as signalling a turning point in the central bank's attitude to the currency. We didn’t read his speech in quite this way at the time, and re-reading it this morning we still don’t. Nonetheless, the support that this interpretation has given to the dollar is another potential prick in the commodity bubble.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services