American money

Fed Powell: US dollar is still the dominant reserve currency

More on the USD as the reserve currency:

  • As long as we have rule of law,
    relative price stability, open capital accounts, democratic institutions,
    we will retain dollar as reserve currency
  • History shows this is not a
    permanent status but it is a lasting one
  • There is not another economy with
    all the same features
  • US dollar is still dominant
    reserve currency
  • U.S. dollar is still dominant
    reserve currency

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