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Peter Morici: Don’t cut rates! Weaken the dollar instead


Fed, Treasury should boost economy with competitive devaluation. The Federal Reserve is in danger of getting sucked into a foolish race to the bottom with the European Central Bank and other foreign monetary authorities in an ill-conceived effort to boost inflation to 2% and avoid another recession. The Fed might do better, in concert with

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Posted: October 28, 2019 Monday 06:00 AM