The last decade or so has seen concerns grow significantly over the long-term health of the dollar. Those concerns have only grown in urgency since the coronavirus arrived on the shores of the United States in February, triggering a nationwide shutdown of the world’s biggest economy.
The Federal Reserve System’s Board of Governors (the Fed) in the United States concluded its two-day monetary-policy meeting on Wednesday, September 16, announcing that interest rates will remain unchanged at near-zero (0-0.25 percent), another decidedly dovish signal that its monetary policy will effectively be on hold for the next few years.
At its most recent monetary-policy meeting in late July, the Federal Open Market Committee (FOMC) discussed implementing a number of monetary-policy tools to allay concerns regarding the economic outlook for the United States. And while the FOMC had already taken numerous emergency measures