"If the Federal Reserve pursues a strong dollar at home while the dollar becomes more competitive in global markets, we can achieve both price stability and a more balanced path of economic growth"
- Martin Feldstein
About this Quote
This quote by Martin Feldstein suggests that the Federal Reserve need to pursue a strong dollar domestically while likewise making the dollar more competitive in international markets. This would result in both cost stability and a more well balanced path of financial development. By having a strong dollar domestically, it would assist to keep costs stable and prevent inflation. At the exact same time, by making the dollar more competitive in global markets, it would help to promote financial development by increasing exports and foreign investment. This would produce a more balanced course of financial development, as it would be driven by both domestic and foreign sources. In conclusion, this quote recommends that the Federal Reserve ought to pursue a strong dollar domestically while likewise making the dollar more competitive in worldwide markets in order to attain both price stability and a more well balanced course of financial growth.
This quote is written / told by Martin Feldstein somewhere between November 25, 1939 and today. He/she was a famous Economist from USA.
The author also have 28 other quotes.
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"Only as long as a company can produce a desired, worthwhile, and needed product or service, and can command the public, will it receive the public dollar and succeed"
"From this process has emerged a parallel process of translating traditional working and living values into a new political and economic power - a power increasingly based upon the strength of money and those material things money can purchase"
"I went to school at this log school house. A white woman was my teacher, I do not remember her name. My father had to pay her one dollar a month for me. Us kids that went to school did not have desks, we used slates and set on the hued down logs for seats"
