US Treasury Secretary Yellen: There is really no other currency that can compare to the US dollar
US Treasury Secretary Yellen stated that the US dollar is and will continue to be crucial as the world's primary reserve currency for the United States. The dollar's position is indeed based on our strong macroeconomic performance, low inflation, robust institutions, strong capital markets, rule of law, and very deep and liquid capital markets. There is indeed no other currency that can compare to the US dollar. We are confident in the dollar's position and will ensure that we continue on a sound fiscal path, which indeed requires reducing the deficit in the coming years and continuing to focus on keeping the real net interest cost of debt close to historical levels and below 2%, which is very important.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Raydium beats Ethereum in 24-hour fee revenues
Analyst Predicts $200,000 Bitcoin (BTC) Price, Yet Expects Post-2025 Timeline
Is XRP on the Cusp of a Major Surge? Historical Patterns Say Yes
Misspelling Soneium on Google could drain your crypto wallet: Scam Sniffer