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2. (2) In October 1979, the USA Federal Reserve Bank announced that it would be taking a more limited role in reducing interest rate fluctuations.

2. (2) In October 1979, the USA Federal Reserve Bank announced that it would be taking a more limited role in reducing interest rate fluctuations. Since the new policy has been put into place the US dollar's exchange rate has become more volatile. Explain how these two events are connected.

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