The one area the Federal Reserve System has very little control over is the strength of the U.S.dollar against other currencies.

Question

Quizplus · Accepted Answer

The Federal Reserve System does have some control over the strength of the U.S. dollar against other currencies through its monetary policy, such as setting interest rates and implementing quantitative easing. However, there are other factors that also affect exchange rates, such as global economic conditions and geopolitical events, which are beyond the control of the Federal Reserve. Therefore, while the Fed may not have complete control, it still has some influence over the strength of the U.S. dollar.

The One Area the Federal Reserve System Has Very Little