OPINION/EDITORIAL

Economic Outlook and the Fed’s Monetary Policy Framework

October 3, 2025/US Federal Reserve By Vice Chair Philip N. Jefferson Thank you, Dean Madan. I appreciate the opportunity to speak here at Drexel University and to visit Philadelphia, an area where I have spent much of my personal and professional life.1 I will not go on too much about […]

Dollar’s Share of Reserves Held Steady in Second Quarter When Adjusted for FX Moves

(Credit: spawns/iStock by Getty Images)  October 1, 2025/IMFBlog By Glen Kwende, Erin Nephew, Carlos Sánchez-Muñoz Our unique data on the currency composition of global foreign exchange reserves, COFER, track how much of the world’s reserves are held at central banks in different currencies—such as the US dollar, the euro, Japanese yen, Chinese renminbi, British […]