No one will be surprised if Federal Reserve chair Jerome Powell
uses part of his news conference on Wednesday to scoff at the idea of
the U.S. dollar losing its place as the world reserve currency.
But even as he scoffs, the comments this week by strategists at global finance giant Goldman Sachs that "real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge," will certainly be in the minds of everyone listening to the Fed's latest plans.
Predictions of the mighty U.S. dollar's fall from its place as the ultimate measure of value are nothing new.
"Gold bugs" — the slightly disrespectful term for people convinced the yellow metal is the only truly safe investment — roll out an attack on the U.S. dollar's safety every few years.
Read more at:
Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis | CBC News
But even as he scoffs, the comments this week by strategists at global finance giant Goldman Sachs that "real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge," will certainly be in the minds of everyone listening to the Fed's latest plans.
Predictions of the mighty U.S. dollar's fall from its place as the ultimate measure of value are nothing new.
"Gold bugs" — the slightly disrespectful term for people convinced the yellow metal is the only truly safe investment — roll out an attack on the U.S. dollar's safety every few years.
Read more at:
Even the loonie is rising against the U.S. dollar as the Fed faces currency threat: Don Pittis | CBC News
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