LOS ANGELES -- Robert Parry, president of the Federal Reserve Bank of San Francisco, said the dollar's decline will prove to be an important stimulus to economic growth.

He said the dollar's depreciation against other currencies, brought on by lower U.S. interest rates, continues a pattern that began a year ago.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.