dailyfriend.co.za May 10, 2026 The Chinese renminbi is unlikely to become globally dominant OPINIONS    – LISTEN TO THIS On 29 April, outgoing Federal Reserve chairman Jerome Powell warned that political interference put at risk the central bank’s ability to pursue independent monetary policy, which he labeled as one of the reasons “why the US economy is the envy of the world”.  Central bank independence, Powell continued, … Continue reading The Renminbi is Unlikely to Displace the Dollar as a Global Currency