Prominent economic thinkers in Davos believe the U.S. economy is strong, but its ability to deal with the next crisis is in doubt.
"The U.S. is growing and I think that's a non-debatable fact," Gary Cohn, president of Goldman Sachs, said Thursday at the World Economic Forum in Switzerland. "What I am concerned about is the actual ability of the U.S. to raise rates with what's going on with the rest of the world."
Cohn said renewed stimulus efforts in Japan, Europe and elsewhere were creating a big spread between global interest rates and currencies. He said raising rates in the U.S. would cause the dollar to further appreciate, which could have a "chilling effect on the U.S. economy."