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The US dollar is down this year, by a lot.

And it's making some people think twice about its role as the world's

reserve currency. Now, that's a pretty radical proposition after decades of dollar dominance,

and it could have consequences for the U.S. But recently, there have been signs that President

Donald Trump may just want a weak dollar.

This is Swamp Notes, the weekly podcast from the FT News briefing, where we talk about all of the things happening in U.S. politics.

I'm Sonia Hudson.

And this week we're asking, could a plan to weaken the dollar make America great again? Here with me to discuss is Jillian Tet, a longtime

economics commentator for the F.T. And the former editor of Moral Money. Hi, Jillian.

Great to be on the show. Great to have you. We've also got Katie Martin, host of the unhedged

podcast and author of the FT's weekly Longview column. Hi, Katie. Hi, hi. Thanks for having me.

Thanks for being on the show. So, Jillian, I'm going to start with you, and I want to ask you to just set

the scene for us. Why are we talking about this this week?

We're talking about it this week because the markets are in the middle of a very nasty wave of volatility and turmoil.

And although most people expected the stock market to soar under Donald Trump, and it did initially saw,

...