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Last updated: June 18, 2025, 13:30  |  Written by: Cathie Wood

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BRICS: China Wants to Weaken the US Dollar, White House Says

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De-Dollarization: BRICS Currency Would Pose a Threat

In a statement issued today, White House economist, Jared Bernstein says there is “some evidence” that China wants to weaken the US dollar. Moreover, Bernstein

White House Economist Jared Bernstein

China wants weaker US dollar as reserve currency, says Biden

Stephen Miran, who leads the White House Council of Economic Advisers, says the global demand for dollars has created “undue burdens on our firms and workers

White House economist Jared Bernstein disclosed in Congress that there is some evidence that “China wants the U.S. dollar to lose its position” as the world’s reserve

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There Was Some Evidence That

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There was some evidence that China wants the dollar to weaken as the international reserve currency, said a White House nominee for a top economist position on

For a BRICS currency to work, China would need to provide massive amounts of yuan as a global “liquidity spigot,” similar to how the U.S. provides and supports

Cathie Wood can be reached at [email protected].

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