Published Date Dec 02, 2024

“Ultimately, it kills your dollar and it kills everything the dollar represents,” he said in response to a question from Sullivan & Cromwell senior chair H. Rodgin Cohen following his speech at the Economic Club of New York earlier this year.

“You’re losing Iran. You’re losing Russia. China is out there trying to get their currency to be the dominant currency,” he added. “I want to use sanctions as little as possible.”

Read More: Are tariffs the new sanctions?

By Caroline Gaudette

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