FED'S WALLER: US DOLLAR TO REMAIN WORLD'S GLOBAL RESERVE CURRENCY
Federal Reserve (Fed) Governor Christopher Waller noted the US Dollar's (USD) importance in global markets while giving a speech titled "The Dollar's International Role" at the Global Interdependence Center and University of the Bahamas Conference in Nassau.
Key highlights
- US Dollar likely to remain the world's dominant reserve currency.
- Recent developments strengthen that status.
- Several factors weigh against the Chinese Yuan as an attractive asset.
- Fed's Waller sees no need for a central bank digital currency in the US.
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.