Reuters/David Lawder and Andrea Shalai/4-13-2022
“U.S. Treasury Secretary Janet Yellen said it would be ‘a long time, if ever’ before the U.S. dollar was replaced as the key reserve currency in the global economy.”
USAGOLD note: We will file this quote from the Treasury Secretary in the same folder with the one from 2017 when as Fed chair, she asked, “Would I say there will never, ever be another financial crisis? You know probably that would be going too far, but I do think we’re much safer, and I hope that it will not be in our lifetimes, and I don’t believe it will be.” And the one from May 2021 when she told the Wall Street Journal CEO Council that inflation was “transitory” and did not anticipate it would be a problem for the U.S. economy.
