Fed’s Kashkari says dollar could lose reserve currency status

  • Fed’s Kashkari says dollar could lose reserve currency status
  • ST. LOUIS (Reuters) – Minneapolis Federal Reserve President Neel Kashkari said on Friday “it’s possible” the dollar could lose its status as the world’s sole reserve currency during his lifetime.
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  • Kashkari, who spoke during a panel discussion in St. Louis, also said he is encouraged that inflation is creeping up toward the Fed’s 2 percent target.

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Minneapolis Federal Reserve President Neel Kashkari said on Friday “it’s possible” the dollar could lose its status as the world’s sole reserve currency during his lifetime. If the euro or China’s yuan did become the world’s reserve currency, said the 42-year-old Kashkari,


Fed’s Kashkari says dollar could lose reserve currency status