Why the Dollar’s Decline Matters

Foreign Policy Live

Foreign Policy

News Commentary, News, Politics

4.1 • 622 Ratings

🗓️ 25 July 2025

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

The U.S. dollar has declined by more than 10 percent this year. Is the fall just a normal fluctuation, or is it a sign of something much more worrying? How seriously should we take threats to the dollar’s dominance as the world’s reserve currency? Economist Kenneth Rogoff shares more. Rogoff is a former chief economist of the International Monetary Fund and the author of Our Dollar, Your Problem: An Insider’s View of Seven Turbulent Decades of Global Finance, and the Road Ahead. Kenneth Rogoff: How Low Can the Dollar Go? Ravi Agrawal: What the Dollar’s Decline Reveals About America Foreign Policy magazine’s Summer 2025 Print Issue Peter Coy: Trump’s Trade Contradictions Come Home to Roost Keith Johnson: America’s Economic Warfare is Sowing Its Own Demise Jared Cohen: Don’t Bet Against the Dollar Learn more about your ad choices. Visit megaphone.fm/adchoices

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0:00.0	America is changing. And so is the world.
0:04.5	But what's happening in America isn't just the cause of global upheaval.
0:08.7	It's also a symptom of disruption that's happening everywhere.
0:12.5	I'm Asma Khalid in Washington, D.C.
0:14.7	I'm Tristan Redman in London, and this is the global story.
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1:06.3	Hi, I'm Ravi Agrawal, Foreign Policy's Editor-in-Chief.
1:08.3	This is FP Live. So I'm traveling abroad this week and we're bringing you a discussion that
1:14.9	aired live on our website earlier this month. Traveling abroad is actually relevant here.
1:21.1	If you're an American and you've been abroad recently, you might have realized that things are a bit
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	...

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