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Secretary Yellen explains reasons to maintain the dollar as a reserve currency while Saudi Arabia considers pricing oil to alternative

House Financial Services Committee Member Scott Fitzgerald and Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council discuss potential weakening of the US dollar as a global reserve currency due to actions by countries like Saudi Arabia, China, Iran, and Russia, the importance of maintaining the strength of the dollar through a robust economy, controlled inflation, and strong financial markets, the role of the dollar in enabling effective sanctions and suggests protecting fundamental assets to uphold the dollar's dominance at an oversight hearing.
House Financial Services Committee Member Scott Fitzgerald and Treasury Secretary Janet Yellen in her capacity as Chair of the Financial Stability Oversight Council discuss potential weakening of the US dollar as a global reserve currency due to actions by countries like Saudi Arabia, China, Iran, and Russia, the importance of maintaining the strength of the dollar through a robust economy, controlled inflation, and strong financial markets, the role of the dollar in enabling effective sanctions and suggests protecting fundamental assets to uphold the dollar's dominance at an oversight hearing.
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Restrictions:
Editorial Use only. May not be used as partisan political campaign material to promote or oppose the candidacy of any person for elective public office, and may not be used to distort the objects and purposes of the hearing or cast discredit or dishonor any member of the House or bring the House or any Member into disrepute. Contact your local office for all commercial or promotional uses.
Credit:
FedNet / Getty Images
Editorial #:
2003068404
Collection:
FedNet
Date created:
February 06, 2024
Upload date:
License type:
Rights-ready
Release info:
Not released.ÌýMore information
Clip length:
00:02:15:25
Location:
Washington, DC, United States
Mastered to:
MPEG-4 8-bit H.264 HD 1920x1080 29.97p
Source:
FedNet
Object name:
hfi020624v