After trillions of dollars of U.S. government stimulus spending since the beginning of 2020 and with inflation running at its highest levels in more than 40 years, some investors are understandably growing concerned that "dollar debasement" is threatening the U.S. dollar's long-standing position as the world's preferred reserve currency.
Contrary to popular belief, Bank of America analyst Aditya Bhave said Thursday that the massive expansion of the Federal Reserve's balance sheet has not devalued the dollar.
