Yellen: No Fed target for dollar, but takes dollar movement into account

While the Fed does not have a specific dollar target, it does take the greenback’s movements into account, says San Francisco Fed president Yellen. A significant dollar decline could fuel inflation and create new systemic risk, she warns. Earlier, Yellen warned over the perception that the Fed is monetizing the US debt.

She’s not shying away from any of the hot-button issues today!

EUR/USD trades at 1.4623.