Excerpt from Treasury Department's Spring 1994 Report on International Economic and Exchange Rate Policy: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Third Congress, Second Session on the Omnibus Trade Act of 1988 There has been much attention in the press in recent months about the decline of the dollar against the Japanese yen and What is causing this to happen. Some have speculated that it is a con cern about potential future inflation that has caused the dollar to decline and that the cure is for the Fed to raise interest rates. I don't accept that notion. Some put that forward, but I would say that there is scant evidence of higher inflation and I think higher interest rates at this time, further upward adjustments, would run a great risk of damaging our economic recovery. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.