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Need to watch impact of FX on price trend; high volatility is not desirable - FX should reflect fundamentals - Need to watch both downside risks to growth and upside risks to inflation - I haven’t set myself to support just one specific idea - Underlying inflation is an important concept but not easy to use in guiding
Need to watch impact of FX on price trend; high volatility is not desirable - - FX should reflect fundamentals - - Need to watch both downside risks to growth and upside risks to inflation - - I haven’t set myself to support just one specific idea - - Underlying inflation is an important concept but not easy to use in