The Fed - The International Role of the U.S. Dollar – 2025 Edition

AI Summary

The Federal Reserve's report discusses the international role of the U.S. dollar, emphasizing its dominance as a medium of exchange in global banking. It highlights the implications of this status for monetary policy and international finance.

In part because of its dominant role as a medium of exchange, the U.S. dollar is also the dominant currency in international banking. As shown ...