The Future of the U.S. Dollar Is Tenuous: Forbes

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Oct. 9 (Bloomberg) -- Forbes Media Chairman Steve Forbes discusses the outlook for the U.S. dollar with Trish Regan and Adam Johnson on Bloomberg Television's "Street Smart." (Source: Bloomberg)

Rose to a one-week high on the nomination of janet yellen, and this is despite our government still in shock down mode and despite the perception that janet yellen is, in fact, dovish.

Steve forbes is with us.

I know you are all about a strong dollar.

Given this announcement today and what we are seeing with the concerns about the debt ceiling and the shutdown, what is the future of the dollar like?

It is going to be tenuous.

It would have been a shock if it were not the nominee.

That is what the previous guest punted on.

How do you unwind that?

Do you raise interest rates?

How does this play out, do you think?

The economy gets better, and those reserves start to get drawn down, and they can pull back the reserve.

I am not sure it is going to be that easy.

And they will have to communicate that to the market, as well.

I think the fed machine knows how to make preparation for it, but at the end of the day, in terms of are they going to allow real interest rates in the marketplace, and the other thing they have to be aware of, there was an asian like crisis, at places like india and indonesia,

This text has been automatically generated. It may not be 100% accurate.

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