The advantages of being the world's reserve currency are many #USD

A new paper from the Kansas City Fed presented in Jackson Hole, WY states that U.S. Dollar  Moves Don't Put Much Pressure on US Inflation. The Wall Street Journal reports:

"U.S. import prices are less sensitive to exchange-rate movements. While a 10% depreciation of the lira leads to a 10% rise in Turkish import prices after two years and a 10% yen depreciation causes a 9% increase in Japanese import prices over the same period, a 10% dollar depreciation causes just a 4.4% increase in U.S. import prices"

"There also is less pass-through to domestic inflation. Ms. Gopinath estimated that a 10% dollar depreciation would raise the Labor Department's broad consumer-price index by 0.4 to 0.7 percentage point over two years, while a 10% lira depreciation would cause Turkish inflation to rise by 1.65 to 2.03 percentage points."

Read the article on the Wall St. Journal site here:  Dollar Moves Don't Put Much Pressure on U.S. Inflation: Fed Conference Paper - WSJ