Strong dollar good for U.S., bad for world: NYT

NEW YORK, Sept. 29 (Xinhua) -- The U.S. Federal Reserve's determination to crush inflation at home by raising interest rates is inflicting profound pain in other countries, pushing up prices, ballooning the size of debt payments and increasing the risk of a deep recession, reported The New York Times (NYT) on Monday.

"Those interest rate increases are pumping up the value of the dollar -- the go-to currency for