The U.S. dollar's status as the world's premier currency could be at risk if the Federal Reserve intervenes in the bond market to curb rising interest rates, warns Fidelity's Jurrien Timmer.
What Happened: With the soaring U.S. debt, Timmer's analysis, shared on X, suggests that the Fed’s interference in the bond markets might erode the dollar's “supremacy.” This alludes to the USD’s edge as the global reserve currency.
