The Fed is delaying the day of reckoning By Charles Wyplosz Published: March 12 2008 16:39 | Last updated: March 12 2008 16:39 In 1971, with the greenback weak and falling, US Treasury secretary John Connally famously told the rest of the world that the US dollar was “our currency and your problem”. Thirty years later, with the dollar strong and still rising, Robert Rubin, his successor, no less famously stated that “a strong dollar is in the interest of the United States”. These days, because the dollar is weak and falling, we would have expected US officials to return...