Kenneth Rogoff Warns US Dollar is 20% Overvalued and Markets are Naive About Iran War
Harvard professor Kenneth Rogoff warns that the US dollar is at least 20% overvalued and that markets are overly optimistic about a quick resolution to the Iran war. He suggests the dollar may face a long-term correction and that the war could lead to prolonged inflationary pressures, limiting the Federal Reserve's ability to ease policy.
Topics: Currency Correction Geopolitical Risk Inflation Iran War US Dollar Valuation