Rising Dollar Makes It Hard for the Fed to Go Its Own Way

Federal Reserve officials are finding it harder than they first thought to decouple U.S. monetary policy from the rest of the world.

...Not only is the dollar’s rise reducing price pressures, making it harder for the Fed to tighten, it’s also acting as an “economic headwind reducing the need to tighten,” said Lou Crandall, chief economist at Wrightson ICAP LLC in Jersey City, New Jersey.