00:00There's been a lot of questions in the market about what the administration's stance is on the dollar, whether there truly is a strong dollar policy or whether that policy, a long-term policy of strong dollar support has shifted to something else.
00:15I'm not sure why that is in the market.
00:20The price of the dollar has nothing to do with a strong dollar policy.
00:24Current currencies move up and down based on a variety of factors, but a strong dollar policy means several things.
00:33One, what is the dollar strong against or is another currency stronger, higher in price at the moment?
00:44That doesn't have anything to do with a strong dollar policy.
00:46The strong dollar policy is, are we doing the things over the long term to ensure that the U.S. dollar remains the reserve currency of the world?
00:58And we are.
00:59We are setting the stage for economic growth.
01:02We are constraining inflation.
01:04We are making the United States the best destination for global capital.
01:10And I think that's going to continue to happen.
01:12I think, as I said, you know, many times over since World War II, the demise of the dollar as reserve currency has been predicted.
01:23And I think once again, the skeptic is going to be wrong.
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