US Treasury Secretary Yellen: No other currency can compare to the dollar

The US Treasury Secretary Yellen stated that the US dollar will continue to be of vital importance as the world's primary reserve currency. The status of the US dollar is indeed based on our strong macroeconomic performance, low inflation, robust institutions, powerful capital markets, the rule of law, and our very deep and liquid capital markets, and there is simply no other currency that can compare to the US dollar. We have full confidence in the status of the US dollar, which 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 maintaining the actual net interest cost of debt close to historical levels and below 2%, which is very important.