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Federal Reserve System Functions and Term Paper
Pages:5 (1711 words)
Sources:5
Document Type:Term Paper
Document:#54801667
S. growth will proceed at a crawl in 2008, which will provide little comfort for the dollar" and most certainly call for intervention again by the Fed. "In some fashion the dollar will continue to decline," according to Adnan Akant, a specialist in currency at Fischer Francis Trees & Watts, money managers in New York City. For investors, Slater continues, having a weaker dollar offers choices; to wit, if you believe the decline has further to go before it bottoms out, buy stocks in currencies that are hot right now. If the dollar weakens, the returns from those stocks will be more valuable when they are converted back into dollars, Slater assures.
Works Cited
Baker, Gerald. (2007, November 25). Beauty deals a beastly blow to the U.S. Dollar. The Times. Johannesburg South Africa. Retrieved Nov. 24, 2007, at http://www.thetimes.co.za.
Federal Reserve System. (2007). Purposes & Functions. Retrieved Nov. 24, 2007, at http://www.federalreserve.gov/pf/pdf/pf_1.pdf.
Slater, Joanna. (2007, November 24.). Falling Dollar Takes Investors for a Ride. The Wall
Street Journal Sunday, p. D3.
The New York Times. (2007, November 24). Times Topics. Federal Reserve System: Retrieved Nov. 24, 2007 at http://topics.nytimes.com.
Xie, Ye; & Finch, Gavin. (2007). Yen Gains Versus 16 Major Currencies as Investors Reduce
Risks. Bloomberg.com. Retrieved Nov. 23,…
Sample Source(s) Used
Works Cited
Baker, Gerald. (2007, November 25). Beauty deals a beastly blow to the U.S. Dollar. The Times. Johannesburg South Africa. Retrieved Nov. 24, 2007, at http://www.thetimes.co.za.
Federal Reserve System. (2007). Purposes & Functions. Retrieved Nov. 24, 2007, at http://www.federalreserve.gov/pf/pdf/pf_1.pdf.
Slater, Joanna. (2007, November 24.). Falling Dollar Takes Investors for a Ride. The Wall
Street Journal Sunday, p. D3.
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