The trend of de-dollarization is starting to become more apparent according to experts and economic researchers. NTD speaks to Jeffrey Tucker, the founder of the Brownstone Institute, who says this phenomenon could impact the status of U.S. debt around the world, thus restraining the Federal Reserve. For example, if countries are disfavoring the dollar, there may be less demand for treasury bonds, thus decreasing the value. This would cause the Fed to raise interest rates leading to more expensive borrowing in the U.S. economy.
Furthermore, Tucker says U.S. sanctions on Russia for its invasion of Ukraine were the turning point for the dollar to lose its dominance that it’s held since 1944.