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What does the strong dollar mean for Rochester?

Readers following contemporary economic and financial events will know that the greenback is currently on an amazing upward trajectory. In just the last few months, it has strengthened against virtually every major currency in the world; its strength against the ...

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Trade with China hurts lower-skill U.S. workers

Policy makers need to recognize that the import shocks stemming from manufactures trade with China impose substantial labor adjustment costs on those American workers who are least equipped to deal with these costs.

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