The US dollar is still the most important price in the world

The US dollar has been strong for years now, keeping global monetary policy tight and making life hard for emerging markets in particular. John Stepek asks if that’s likely to change.

US Federal Reserve Chairman Jerome Powell © ANDREW CABALLERO-REYNOLDS/AFP/Getty Images

Jerome Powell: fighting a losing battle on the US economy
(Image credit: US Federal Reserve Chairman Jerome Powell © ANDREW CABALLERO-REYNOLDS/AFP/Getty Images)

Just before I get started this morning, I wanted to draw your attention to a Bloomberg networking event some of you might be interested in, particularly the entrepreneurs among you it's on 12 November in London, and you can get all the details here.

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John Stepek

John Stepek is a senior reporter at Bloomberg News and a former editor of MoneyWeek magazine. He graduated from Strathclyde University with a degree in psychology in 1996 and has always been fascinated by the gap between the way the market works in theory and the way it works in practice, and by how our deep-rooted instincts work against our best interests as investors.

He started out in journalism by writing articles about the specific business challenges facing family firms. In 2003, he took a job on the finance desk of Teletext, where he spent two years covering the markets and breaking financial news.

His work has been published in Families in Business, Shares magazine, Spear's Magazine, The Sunday Times, and The Spectator among others. He has also appeared as an expert commentator on BBC Radio 4's Today programme, BBC Radio Scotland, Newsnight, Daily Politics and Bloomberg. His first book, on contrarian investing, The Sceptical Investor, was released in March 2019. You can follow John on Twitter at @john_stepek.