Dudley into some Q&A

  • China is having more impact on EM's that US monetary policy

It's a valid point to be fair. EM's have had long enough to deal with the winds of change from Fed policy ever since the taper

And there's more;

  • Fed considers how dollar affects import prices
  • Dollar is an environmental factor just like other factors
  • Dollar's value incorporates expectations for Fed policy
  • Fed looks at dollar but doesn't target its level