Since the beginning of the year, the U.S. dollar has fallen significantly, especially against the euro. By raising the domestic cost of imports, the declining dollar could pose a challenge to the Federal Reserve in its quest for non-inflationary economic growth.

Participants at this seminar will consider the likelihood of a further fall in the dollar. They will also discuss the action that major industrialized countries and China should take to minimize the risk of a disruptive dollar decline. Anne Krueger, former International Monetary Fund first deputy managing director; John Makin of AEI; Kenneth Rogoff of Harvard University; Brad Setser of University College, Oxford; and Edwin M. Truman, former U.S. Treasury assistant secretary for international affairs will consider these issues.