(Reuters) – The Fed takes global factors such as a stronger dollar into account when setting interest rates, although it ultimately makes policy decisions based on domestic goals, Cleveland Fed President Loretta Loretta said. Mester said Monday. On a day of heightened volatility in financial markets, which included a sharp drop in the value of the pound. “We will have a monetary policy that suits the U.S. economy, but we won’t think of us as an independent island with no connections to the rest of the world.”
