US Fed Chair Kevin Warsh Tells G20 that Past Global Savings Glut Is Turning Into Investment Surge
14 Articles
14 Articles
Federal Reserve Chairman Kevin Warsh assessed that the global economy has transitioned from an era of savings surplus to a phase of surging investment. Emphasizing that the theory of long-term stagnation has become a legacy of the past, he assessed that the world has entered an era of long-term growth. Accordingly, policymakers noted the need for new policy approaches and the utilization of knowledge to respond to the changed economic environmen…
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US Fed Chair Kevin Warsh feels there is a surge in global investment that is powering growth and reversing past rush to save to bring capital back into play instead of remaining idle, Reuters reported.
(New York = Yonhap News) Correspondent Lim Soo-jung = U.S. Federal Reserve Chairman Kevin Warsh [said] that the global economy is in a past 'savings glut'...
Fed's Warsh tells G20 that past global savings glut is turning into investment surge
[ASHEVILLE, North Carolina] US Federal Reserve chairman Kevin Warsh on Monday (Aug 31) told G20 finance leaders that the world is seeing a global investment surge that is helping to power growth, reversing past savings gluts that kept capital idle due to a shortage of investment opportunities. Read more at The Business Times.
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