Although economists have studied the sensitivity of import and export volumes to changes in the exchange rate, there is still much uncertainty about just how much the dollar must change to bring about any given reduction in our trade deficit.
If you interview people or friends who work with me, they would say I'm private or internal or don't emote a lot. Yet I do it every day for 10 million people. I just don't do it for the 30 people I'm in the room with.