HKS Authors

See citation below for complete author information.

Abstract

Surging inflation and an ongoing economic slowdown should have hurt demand for the US dollar, and yet the greenback is at a 20-year high. The US economy’s relative strength and the Fed’s rapid monetary tightening will likely keep the dollar strong for some time.

Citation

Frankel, Jeffrey A. "In the Dollar We Trust." Project Syndicate, September 21, 2022.