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Dollar Dominance Means Fed Will Damage Global Economy

Mount Equity Group Tokyo Japan > News > Markets > Dollar Dominance Means Fed Will Damage Global Economy
  • Dollar dominance means the Fed has an outsized impact on the global economy, Paul Krugman warned.
  • Global trade and debt is still largely denominated in dollars, giving the Fed a far-reaching influence. 
  • But that likely won’t stop the Fed from hiking rates to control inflation, which could spell trouble for the global economy.

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