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U.S. dollar loses credibility as its hegemony backfires: Chilean expert

STORY: U.S. dollar loses credibility as its hegemony backfires: Chilean expert DATELINE: May 23, 2023 LENGTH: 00:02:39 LOCATION: Santiago CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of the Fed 2. SOUNDBITE 1 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher 3. various of the United States 4. SOUNDBITE 2 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher 5. various of the United States STORYLINE: A Chilean researcher said that as monetary abnormality in the U.S. increases, the world is losing confidence in the country's fiscal policies, though the U.S. dollar still remains an important currency for the time being. SOUNDBITE 1 (Spanish): CRISTIAN CANDIA, Chilean professor and researcher "We are living in a moment of sharp monetary abnormality. Worldwide inflation is hitting the U.S. hard, because this has led the country to lose credibility in terms of the U.S. dollar being the currency of refuge. There is a high fiscal deficit in the United States, which makes its anti-inflation po

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U.S. dollar loses credibility as its hegemony backfires: Chilean expert