US dollar's central role

The central banker booby prize of the year goes to president of the Dallas Federal Reserve Bob McTeer, for his extraordinary honesty in telling the world: "There is only one way for the dollar to go – lower." This act of candour propels him into the exalted company of other legends who have spoken the truth about the greenback and subsequently changed careers, including Paul O'Neill and Lloyd Bentsen. There are at least two clear lessons for officials: 1) When it comes to the dollar, lie through

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