In light of upcoming election-related risks, investor concerns are rising over the erosion of trust in U.S. institutions—a shift that could undermine confidence in the dollar’s global dominance.
“If there’s a real question about the effective peaceful transfer of power, it could be very unsettling — not just for our investors but the business and economic activity here,” former Treasury Secretary Robert Rubin said on a Zoom call organized by the Business & Democracy Initiative Wednesday. “The strength of the dollar does depend on respect for our economy, for rule of law, and very importantly” on the Fed retaining its independence, he said.
The Business & Democracy Initiative, a collaboration among Leadership Now Project, Black Economic Alliance, and Public Private Strategies, hosted former U.S. Secretary of the Treasury Robert Rubin and Ken Chenault, Chairman and Managing Director of General Catalyst and former Chairman and CEO of American Express to discuss the economic impacts of the 2024 election.
