Steven Kamin on the Global Influence of Fed Policy and the U.S. Dollar
Macro Musings with David Beckworth
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The Impact of the US Dollar on the Global Economy
CNN's John Defterios sits down with Peter Bergen to talk about the global impact of a strong US dollar. He says there are two key factors that determine whether or not an economy can grow. The first is relative rates of return, differentials between states and other economies; the second is the dollar's role as a safe haven currency. When things are going wrong in the global economy, people naturally want to seek greater dollar assets because we are the world's safe haven, he says.
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