The second deputy governor of France’s central bank has cast doubt on the viability of any “Mar-a-Lago accord”.

In an article on the Banque de France (BdF) website, published on March 19, Agnès Bénassy-Quéré argues that the policy pivot to devalue the dollar proposed by Stephen Miran in November 2024 would not be successful in the long run.

Miran, who is chair of the Council of Economic Advisors and fellow of economics at the Manhattan Institute, argued that the persistent overvaluation of the US

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