The hidden costs of a strong U.S. dollar
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In 2022, the U.S. dollar reached its highest level since the early 2000s; a strong dollar can lead to higher prices for American consumers; reduced demand for U.S. exports may result in layoffs in key industries; managing the dollar's value presents challenges for U.S. president, Federal Reserve, and policymakers.
#UsDollar #Economy #Exports #Inflation #Layoffs #Policymakers #FederalReserve #2022 #Recession #Trade
https://www.cnbc.com/video/2024/08/21/how-a-strong-dollar-can-backfire-on-the-us-economy.html
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