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Being the world's reserve currency just means that institutional investors around the world perceive U.S.-based assets as inherently more reliable, which leads
by zozbot234 10mo ago
Being the world's reserve currency just means that institutional investors around the world perceive U.S.-based assets as inherently more reliable, which leads to extra demand for these assets. That can degrade a lot quicker than you might expect when you see things like the current administration pressuring the Chairman of the Federal Reserve to lower rates and create more inflation, in direct violation of a very clear Congressional mandate.