There is approximately zero percent chance of the Federal Reserve staking out an official position like this, but would push for an interim statement like the following:

The Federal Reserve regards the deterioration in sovereign balance sheets within the Eurozone and the associated stresses within national banking systems as posing not only a risk to sustained growth in the United States, but as contributing to significant deflationary pressure around the world.

A large and unexpected fall in the dollar price of internationally traded goods and services raises the risk of deflationary expectations with United States and the committee will take all necessary action to prevent this dynamic from taking hold.

The clear message being that unless the ECB and the Bundesbank reverse course immediately they can expect the current Eurozone recession to be compounded by a rising Euro.

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