Dollar Faces Biggest Threat in Decades From ‘Scary’ Moves, Summers Says

Former Treasury Secretary Lawrence Summers said that volatile policy actions and rhetoric from President Donald Trump are posing the biggest risk to the dollar’s dominance in the world economy in half a century.

“The broad approach we are taking to the rest of the world represents the biggest threat to the US dollar’s role as the central currency in the world economy we have had in the last five decades,” Summers said in an interview on Bloomberg Television Wednesday.