Fed Turmoil Is Threatening Dollar Supremacy Just as China Pushes the Yuan

Core Viewpoint - A politicized central bank in the U.S. is perceived to undermine investor confidence in the financial system, while China is making strides in globalizing its currency [1] Group 1 - Economists express concerns that the politicization of the U.S. central bank could lead to diminished trust among investors [1] - The shift in investor sentiment may have broader implications for the stability of the U.S. financial system [1] - In contrast, Beijing is actively working to enhance the international use of its currency, positioning itself as a competitor in the global financial landscape [1]