Federal Reserve Governor Christopher J. Waller defended the US dollar’s global economic dominance, emphasizing its role as a physical currency, financial asset, and preferred unit of account.
In a recent speech at the conference “Climate, Currency, and Central Banking” sponsored by the Global Interdependence Center and the University of the Bahamas, Federal Reserve Governor Christopher J. Waller addressed the enduring dominance of the US dollar in the global economy. Amid speculations and concerns regarding the potential decline in the dollar’s status as the global reserve currency, Waller’s remarks underscored the robust position of the dollar across various dimensions of international …
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