Overview
- Former IMF chief economist, now a Harvard professor, said, “As of now, I don’t see major changes,” when asked about shifts in dollar primacy.
- She cited deep, liquid U.S. financial markets, strong institutions, and the rule of law as the core supports for the greenback’s status.
- Gopinath underscored that the dollar’s reach spans trade, finance, payments, and reserves, influencing how economies handle shocks and which policies are effective.
- Her remarks counter recurring worries centered on U.S. debt burdens and tariffs by emphasizing structural market and institutional strengths.
- Coverage noted that a stronger dollar raises import costs for consumers in emerging markets such as India, adding to inflation pressures.