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Nicely-done 2 part sit-down from Tuesday with Bloomberg's Peter Cook and Robert Zoellick, President of The World Bank. Summarized, Zoellick supports a strong U.S. Dollar (big shock), but warns that for many reasons the global markets need to work towards an alternative reserve currency. Will it be the Euro (fat chance), the Yuan-Remninbi, or something entirely new?
Zoellick also places himself into the debate on new financial regulation saying the Treasury and not the Federal Reserve should be granted greater power. He takes a clean shot at the Fed, labeling the cabal a group of too-powerful technocrats. Take that Bernanke.
Watch
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