U.S. Federal Reserve Chairman Jerome Powell looks on as U.S. President Donald Trump speaks during a press event at the White House in Washington on Nov. 2, 2017.

The Global Economy Lives in Wonderland Now

Central banks have gone fully through the looking glass, and it’s time that everyone else followed.

(GERMANY OUT) Chinese Yuan Renminbi and Dollar banknotes with portraits of Mao Zedong and Benjamin Franklin  (Photo by Wodicka/ullstein bild via Getty Images)

How China’s ‘Currency Manipulation’ Enhances the Global Role of the U.S. Dollar

But it's not quite that simple. In fact, Beijing benefits from the dollar’s dominance.


The $3 Trillion Question

Why China should not devalue its currency.