U.S. Treasury Secretary Yellen: There is indeed no other currency that can compare with the U.S. dollar

ChainCatcher News, U.S. Treasury Secretary Yellen stated that the dollar is and will continue to be crucial for the United States as the world's primary reserve currency. The dollar's status is indeed based on our strong macroeconomic performance, low inflation, robust institutions, strong capital markets, the rule of law, and very deep and liquid capital markets. No other currency can truly compare to the dollar. Confidence in the dollar's status will ensure that we continue on a sound fiscal path, which indeed requires reducing the deficit in the coming years and maintaining the real net interest cost of debt close to historical levels and below 2%, which is very important.