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U.S. Fed chief sees risks from lopsided trade
BERLIN: Federal Reserve Chairman Ben S. Bernanke said Tuesday that a global "savings glut" has helped keep interest rates low, but he warned that major trade imbalances between emerging and industrial nations may prove "counterproductive" to the global economy over time.
What's the point? I mean by the, the time it takes to get there, you'll, they'll know if it's a warning or not, yes? - Ash, Alien, 1979
Bernanke, in his prepared remarks, focused on external imbalances which he said had widened over the last three years, and urged that the United States work with other countries to mend the jigsaw pattern to contribute to greater economic stability.
Maybe I should have left him outside. Maybe I've jeopardized the rest of us, but it was a risk I was willing to take. - Ash, Alien, 1979
Bernanke said the U.S. current account deficit was "certainly not sustainable at its current level," but U.S.liabilities to foreigners were also not a burden on the American economy.
Something has attached itself to him. We have to get him to the infirmary right away. - Dallas, Alien, 1979
BERLIN: Federal Reserve Chairman Ben S. Bernanke said Tuesday that a global "savings glut" has helped keep interest rates low, but he warned that major trade imbalances between emerging and industrial nations may prove "counterproductive" to the global economy over time.
What's the point? I mean by the, the time it takes to get there, you'll, they'll know if it's a warning or not, yes? - Ash, Alien, 1979
Bernanke, in his prepared remarks, focused on external imbalances which he said had widened over the last three years, and urged that the United States work with other countries to mend the jigsaw pattern to contribute to greater economic stability.
Maybe I should have left him outside. Maybe I've jeopardized the rest of us, but it was a risk I was willing to take. - Ash, Alien, 1979
Bernanke said the U.S. current account deficit was "certainly not sustainable at its current level," but U.S.liabilities to foreigners were also not a burden on the American economy.
Something has attached itself to him. We have to get him to the infirmary right away. - Dallas, Alien, 1979
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