Threats to the Dollar: A Reserve Currency Under Pressure

This chapter explores the rising threats to the U.S. dollar's status as the world's reserve currency due to increased bond yields and the potential for foreign investors to offload U.S. treasuries. It discusses the implications of aggressive fiscal policies being considered by Congress and the challenges of navigating political divisions amid financial instability. The chapter also examines the prospects for alternative reserve currencies and the uncertainties surrounding the future of global currency dynamics.