Project Syndicate
September 21, 2022
HKS Authors
See citation below for complete author information.
James W. Harpel Professor of Capital Formation and Growth
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.