Borat has written a good explanation. FED WANTS controlled decent. That is the only way to balance the trade. But they have to be careful not to cause a panic and stall. It is like landing an airplane – you want to glide and not fall down. BB DID not create any of the crises the nation is in today; he can only attempt to fix the problems. They are all very mindful of exchange rates with the rest of the world, commodity prices etc., Knowing all that, they have to carefully lower the $ at about 6% p.a. max till trade is balanced and we no longer need huge capital imports for consumption. It may need 10 years or 20 years – but it has to be done.
