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> The claim that the U.S. is hellbent on preserving the primacy of the U.S. dollar is largely a myth.

Could you elaborate, please? It was my understanding (perhaps mistakenly) that because so many foreign entities, be they countries, corporations etc, depend on the USD and it functions both as a reserve and for international trading, the U.S. Federal Reserve can be more aggressive with "dovish" policy.

Or stated another way, if fewer people/institutions held USD abroad, the risk of inflation would be much greater.