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Dollar Reversal Could Bring Inflationary Pressure, Former US Treasury Secretary Larry Summers Warns

Speculation is mounting over when the Federal Reserve might pivot dovish. But economists, including Summers, warn any such move might lead to weakness in the U.S. dollar versus other global currencies, in turn driving up prices for imports.

By Helene Braun

Updated Nov 1, 2022, 8:46 p.m. Published Nov 1, 2022, 4:59 p.m.

Federal Reserve officials may need to consider the U.S. dollar's role in helping to restrain inflation as they consider pivoting to a softer monetary policy as a meeting this week in Washington. (Pixabay)