US Treasury Secretary Yellen says attentive to the global repercussions of US policy

Yesterday US Treasury Secretary Yellen gave a green light to USD/JPY buyers:

• US Treasury Secretary Yellen says the level of the USD is a logical outcome of policy

Yellen effectively tipped a bucket of cold water on talk of coordinated global FX intervention.

Too easy.

Comments today from Yellen are less impactful:

• We are positioning the multilateral development banks to better tackle climate change, pandemics and other global challenges
• IMF & World Bank meetings are making progress on a wide range of difficult issues, from food security to poverty alleviation
• It is global community's collective priority to put the global economy on surer footing
• We will also be attentive to the global repercussions of our policies
• All major bilateral creditors should also meaningfully participate in debt relief to help countries regain their footing
• Global economy faces significant headwinds, but u.s. Economy remains resilient
• Cites cost of Russia's weaponization of trade for geopolitical coercion, says u.s. Must 'mitigate similar vulnerabilities to countries like China'

When she says "attentive to the global repercussions of our policies" it does not mean the policies will be changed. The Federal Reserve Federal Reserve The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the The Federal Reserve System, more commonly known as the Fed, represents the central banking system of the United States. Like other central banks globally, the Fed is responsible for monetary policy, in this case in the US.The Fed is one of the most watched and followed entities for forex traders, given its material impact on the US dollar. Founded initially in 1913, the Fed was created to perform a wide range of functions. This includes stabilizing and maintaining flexible monetary policy in the Read this Term is jacking up rates, crushing the value of other currencies against the USD, and, in effect, exporting inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term.