Lazard CEO Says Crypto Shows Reserve Status Isn't Assured for the U.S. Dollar
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U.S. isolationism could undermine the dollar’s status as the world’s reserve currency, Lazard Ltd. Chief Executive Officer Ken Jacobs said.
“To the extent that we have unilateral foreign policy and unilateral trade policy, we’re sort of tempting the world to find an alternative,” Jacobs said in a Bloomberg Television interview aired Thursday. “Probably the greatest demonstration of soft power is the fact that the U.S. has the reserve currency of the world.”