Goldman Sachs CEO Solomon says US dollar reserve status is under zero threat

Goldman Sachs CEO Solomon spoke in an interview Monday with Bloomberg TV.

On the US dollar he said

• “The reserve currency is a great privilege”
• doesn’t see “a threat to that in any way, shape or form.”

He was speaking in the context of US debt levels and added on the dollar:

• “But it’s not something that you can take for granted”
• “The United States’ ability to spend
  without constraints is not unlimited”

On US debt:

• “I think the level of debt in the United States [and] the level of
  spending is something that we need a sharper focus on and more
  dialogue around than what we’ve seen”
• “The spending
  levels…are continuing at a pace that I think is raising our debt
  level and creating issues for us down the road”
• the
  issue is “something that deserves a lot of attention.”
• “we
  need to deal with the debt and the deficits.”

This article was written by Eamonn Sheridan at www.forexlive.com.