Can the U.S be a manufacturing hub while at the same time be the World’s Currency?

I remember hearing in passing of a man ridiculing another for both wanting the Dollar to remain the World’s reserve while at the same time, have the Manufacturing be brought back to America.

To this, I have no opinion on the matter since I have no knowledge about the correlating effects. Is this truly such a ridiculous belief to have? Is so, how come?

And for both things to be true, what legislations would need to occur for such a thing to occur?

If you can provide papers, I would truly appreciate.