Federal Reserve Governor Miran: Weaker Dollar Not Influencing Policy Decisions

Federal Reserve Governor Stephen Miran stated Feb 9 that a weaker U.S. dollar is not influencing current monetary policy decisions. He noted at a Boston University appearance that the type of dollar decline seen recently does not meaningfully impact consumer inflation and would only be a concern if the decline were very dramatic. Miran added that the dollar’s current weakness is not material to policy decisions to date.