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Yellen not sure GOP tax plan would boost the dollar

By Joseph Lawler
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Yellen not sure GOP tax plan would boost the dollar

Federal Reserve Chairwoman Janet Yellen on Wednesday cast doubt on a key idea undergirding the House Republican tax reform plan: that the border adjusted tax in the plan would create a stronger dollar.

“The problem is there’s great uncertainty about how in reality markets would really respond to these changes,” Yellen told lawmakers at a House hearing.

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Congress Janet Yellen Joseph Lawler Minusextra Monetary Policy Tax Reform