Trump Adds Dollar Question to Fed Nominee Interviews

The transcript discusses the Federal Reserve's need to adjust its messaging regarding the dollar's strength. It highlights the importance of interest rates in determining exchange rates and the economic impact of a strong dollar. The Fed's actions have significant consequences for the dollar's value, affecting various sectors of the economy. The discussion also touches on recent economic indicators, such as manufacturing export orders, which have been influenced by the dollar's strength.

How does the speaker relate interest rate differentials to exchange rate levels?

What recent economic indicator does the speaker mention to illustrate the impact of currency strength?