Brics China Wants To Weaken The Us Dollar White House Says

Last updated: June 9, 2025, 12:34

Brics China Wants To Weaken The Us Dollar White House Says

Stephen Miran

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

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

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There was some evidence that

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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For a BRICS currency to

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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