"Governor Waller Addresses Dollar's Global Position in Speech"

Federal Reserve Governor Waller discusses the U.S. dollar's role in global finance, addressing concerns about its potential decline. He outlines the various dimensions of the dollar's international role, emphasizing its dominance as a store of value, medium of exchange, and unit of account. Despite potential challenges from digital currencies, the euro, and the Chinese renminbi, the dollar's status remains strong, supported by its stability, liquidity, and widespread use in trade and finance. Waller concludes that recent developments have, if anything, strengthened the dollar's international position, and he does not foresee a significant decline in its primacy in the near future.