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this currency expert from one of the world s biggest banks tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all o ....
tells me how it s a story of both american strength and the weakness of other economies. so how much stronger could the dollar get? i m going to ask this man right here, former us treasury secretary larry summers, if an international deal will be needed to curb its rise. also on the show, helping beat those queues at the airport. i m going to be speaking to the big boss of air transport data giant sita about the tech solutions driving the future of seamless travel. wherever you rejoining me from around the world, once again, a big hello and a warm welcome to the show. here s a quote. the dollar is our currency, but it s your problem. that s what the then us treasury secretaryjohn connally famously told some of his european counterparts back in 1971. and 50 years on, it seems as true as ever. us policymakers, they re trying to clamp down on the cost of living crisis and the impact of that? it s being felt all over the world. politicians and central bankers everywhere a ....
So the strength of the dollar is making life harderfor many outside of the united states. but how much of that is to do with the central bank there, the federal reserve, raising interest rates? and how much is it to do with the struggles of other economies dealing with the covid pandemic and now the war in ukraine? well, london, it s one of the world s major currency trading hubs. so i ve been to the offices of the us investment banking giantjp morgan to catch up with its co head of currency strategies. meera chandan, a real pleasure having you on my show. thanks so much forjoining me. and mera, i vejust shown our viewers an explainer of why the dollar is so high. but what does it mean for the global economy, a very strong dollar? a strong dollar does lead to several pressure points. i mean, firstly, let s talk about what it means for the us. for the us, a stronger dollar means firstly slower growth and on the margin, higher inflation. now clearly, this is what the fed is going for as ....
Our purchasing power for our main components has halved, making our products twice as expensive. so the strength of the dollar is making life harderfor many outside of the united states. but how much of that is to do with the central bank there, the federal reserve, raising interest rates? and how much is it to do with the struggles of other economies dealing with the covid pandemic and now the war in ukraine? well, london, it s one of the world s major currency trading hubs. so i ve been to the offices of the us investment banking giant jp morgan to catch up with its co head of currency strategies. meera chandan, a real pleasure having you on my show. thanks so much forjoining me. and mera, i vejust shown our viewers an explainer of why the dollar is so high. but what does it mean for the global economy, a very strong dollar? a strong dollar does lead to several pressure points. i mean, firstly, let s talk about what it means for the us. for the us, a stronger dollar means firstly slo ....