I would have to disagree with that. The Fed is heavily obligated to control not the price but the stability of the dollar. Right now the DX is at 80.08 and falling. There is a serious breaking point at 80.00 and the dollar would likely spiral out of control if it breaks 80 causing a whole host of problems including hyperinflation, real interest rate increase on a large scale and a depression the likes of which has never been seen. Controlling stability of the currency is likely the Fed’s top priority unless they want to see equity’s tank and revolution to occur.
