JPMorgan says the biggest risk of de-dollarization isn’t a rival currency – it’s that the US could lose a key tool it’s used to fight past economic crises

Andrew Jackson portrait on twenty dollar bill. Elizabeth Fernandez/Getty Images The biggest risk of de-dollarization is that the US could lose a key tool it’s used to fight past crises, JPMorgan said. De-dollarization risks mostly relate to inflation and debt burdens, strategists said. The dollar’s dominance has helped Western central banks employ monetary and fiscal measures during crises. The biggest risk of de-dollarization isn’t a rival currency — it’s that the US could lose a key tool it’s used to fight past economic crises, according to JPMorgan. According to a note on Tuesday, strategists led by Marko Kolanovic said de-dollarization…