Powell: "We don't comment on the dollar." 💵

• Jerome Powell explicitly declined to comment on recent movements in the US dollar.
• He stated that commenting on the dollar and exchange rates is the role of the Treasury Department, not the Federal Reserve.
• Powell reiterated that the Federal Reserve's primary focus is on monetary policy.

Jerome Powell, Federal Reserve Chair, was questioned about recent volatility and downward movements in the US dollar. He firmly stated that the Federal Reserve does not comment on the dollar or exchange rates, clarifying that this responsibility falls under the Treasury Department's purview. Powell emphasized that the Fed's focus remains on monetary policy.