January 22, 2015 / 8:52 AM / 3 years ago

Goldman's Cohn: 'We are in currency wars'

DAVOS, Switzerland (Reuters) - Countries around the world are already engaged in a currency war in a bid to boost growth, Gary Cohn, the president and chief operating officer of Goldman Sachs, said on Thursday

“We are in currency wars,” Cohn told a panel discussion at the World Economic Forum in Davos, Switzerland. “The prevailing view is that the easy way to stimulate economic growth is to have a low currency.”

Reporting by Noah Barkin

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