Geopolitics and debt are headwinds for dollar – Hammack
Cleveland Fed president says greenback’s long-term pre-eminence cannot be ‘taken for granted’
Geopolitical developments and the US’s unsustainable fiscal path may unseat the dollar’s international role in the future, the president of the Federal Reserve Bank of Cleveland has said.
In a speech on April 6 at the 2026 US Monetary Policy Forum in New York, Beth Hammack said that although she did not foresee any “big shifts” in the currency’s standing over the immediate term, the world was “constantly changing”.
“We shouldn’t take for granted the conditions that have made the dollar the world
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