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Goldman to Fed: Stop Worrying So Much About the Stronger Dollar

  • The greenback's effect on inflation is `limited,' bank says
  • Bond market has boosted expectations for consumer price gains
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How the Dollar and Emerging Markets Are Affecting the Fed

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It’s time for the Federal Reserve to end its dollar fixation.

That’s the takeaway from a Goldman Sachs Group Inc. report Wednesday that suggests the U.S. currency poses little threat to the Fed’s inflation goals, challenging policy makers’ comments to the contrary. That’s good news for dollar bulls who are betting on expanded monetary-policy divergence between the U.S., Europe and Japan.