Fed official dismisses de-dollarisation talk
Speakers at IIF conference believe dollar selloff is cyclical rather than a structural decline
Beth Anne Wilson, director of the international finance division within the US Federal Reserve’s board of directors, has dismissed concerns about a wholesale exit of the dollar as the dominant reserve currency.
“I’d be cautious to over-interpret the decline in the share of reserves as a sign of wholesale pullout of the dollar. Instead, it’s more of a normalisation and a reflection of the different economics and maturity of markets globally,” said Wilson, speaking at the International Institute of
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