A strong U.S. dollar will not significantly change the Federal Reserve's plan to hike interest rates sometime this summer, Pimco's Scott Mather told CNBC on Wednesday.
"Undoubtedly there will be winners and losers, but historically, the U.S. economy has not been derailed by a stronger dollar," Mather, Pimco's chief investment officer of U.S. core strategies, said in an interview with "Power Lunch."
"Since much of that dollar strength is coming because other central banks in the world are easing monetary policy, that is a good thing for global aggregate demand. It's a good thing in general for U.S. exporters. So that is going to offset much of the pain."