Each episode of Why It Matters breaks down an issue that is shaping our world’s future. Join host Gabrielle Sierra as she speaks with the leaders and thinkers who are facing these questions head on. Fueled by the minds at the Council on Foreign Relations, Why It Matters brings some of the world’s most compelling stories home to you.
Episodes
Wednesday Feb 17, 2021
The Dollar Privilege
Wednesday Feb 17, 2021
Wednesday Feb 17, 2021
The dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to borrow easily and to levy painful sanctions. But could it lose this status?
Featured Guests:
Roger Ferguson (President and Chief Executive Officer, TIAA)
Sebastian Mallaby (Paul A. Volcker Senior Fellow for International Economics)
For an episode transcript and show notes, visit us at cfr.org/podcasts/dollar-privilege