Jun 18, 2021 - Economy & Business

New book to examine America's strong dollar "mafia"

Photo of a bespectacled person wearing a suit and speaking from a podium

Former Treasury Secretary Robert Rubin, who served during the Clinton administration. Rubin said a "strong dollar is in our national interest" in 1995. Photo: Paul J. Richards/AFP via Getty Images

A new book by Bloomberg reporter Saleha Mohsin will explore the strong dollar policy and how it has shaped the nation as we know it.

Why it matters: The strong dollar "paved the way to extreme prosperity for some and stagnation for others, creating populist discontent while upholding democratic superpower status—both at home and abroad," an announcement for the book will read.

The book is tentatively titled "The Dollar Mafia: How the Strong Dollar Policy Built and Broke America."

  • It's based on 100+ interviews with current and former Treasury, Federal Reserve and other officials, including all living Treasury secretaries from the past 25 years.
  • It's slated to be released in mid-2023.
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