YELLEN: THE DOLLAR WILL REMAIN THE WORLD'S LEADING CURRENCY

YELLEN: THE DOLLAR WILL REMAIN THE WORLD'S LEADING CURRENCY
YELLEN: THE DOLLAR WILL REMAIN THE WORLD'S LEADING CURRENCY

YELLEN: THE DOLLAR WILL REMAIN THE WORLD'S LEADING CURRENCY

Treasury Secretary Janet Yellen warned the U.S. will take strong action against countries manipulating currencies for economic advantage, but stated no such manipulation is happening currently.

Yellen emphasized that the U.S. dollar will maintain its role as the world’s leading currency, citing its dominance in trade, finance, and daily transactions.

Yellen affirmed the Biden administration prefers markets to set the dollar's value, rather than government intervention.

The U.S. will take stringent measures if other countries attempt to manipulate their currencies, ensuring fair competition in global markets.

Yellen highlighted the importance of open communication with China to avoid misunderstandings and maintain cooperation on issues like climate change and financial stability.

Yellen’s comments followed reports of China considering a weaker yuan to counter expected U.S. tariffs under a potential second Trump presidency.