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Steve Forbes urges Fed to cut money printing and strengthen the dollar to fight import-driven inflation.

Market News
22 Oct 2026
24/7 Wall Street
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Bullish
Steve Forbes urges Fed to cut money printing and strengthen the dollar to fight import-driven inflation.

Steve Forbes argues that the Federal Reserve should focus on reducing money printing and shrinking its balance sheet to strengthen the dollar, which would help combat inflation caused by rising import prices. He highlights that retailers like Walmart and Target have benefited from tariff refunds, which improved their margins, showing how a stronger dollar could reduce import costs and ease price pressures for consumers. Forbes warns that current rate hikes may slow growth without addressing currency-driven inflation. The Fed's policy shift toward a stronger dollar could favor domestic sellers of imported goods but challenge multinational companies like Apple.

Walmart shares on Pluang are up 1.63% at USD 119.72 as of Oct 22, 2026 20:03 WIB, reflecting strong investor interest possibly linked to tariff refund benefits mentioned in the news. Target also shows gains with a 0.40% rise to USD 153.00, and TJX is up 0.30% at USD 145.95. These consumer staples and cyclical stocks' positive moves coincide with discussions about the Federal Reserve's policies affecting import costs and currency strength.

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