24 Coordinated central bank intervention Assume that the United States has a weak economy and that the Fed wants to correct this problem by adjusting the value of the US dollar. The Fed is not worried about inflation. Assume that the eurozone has a somewhat similar economic situation as the United States and the ECB wants to correct this problem by adjusting the value of the euro. The ECB is not worried about inflation. Do you think the ECB and the Fed should engage in coordinated intervention in order to achieve their objectives?

Briefly explain.