The White House takes steps to limit the Fed’s institutional autonomy: changes in the architecture of American financial leadership create risks for the U.S. exceptional economic influence

The political and economic decisions Donald Trump’s administration made in the first months of his new term leave room for controversial interpretations of their nature and strategic direction.

In this context, the financial and monetary policy of the United States is a key indicator that can objectively reflect the true state of affairs.

The level of use of the US dollar in international settlements and foreign exchange transactions in general, the share of foreign exchange reserves denominated in the US currency, and other signs of stability in US monetary policy are the most reliable indicators of the effectiveness of the Republican administration’s strategic course.