Chairman Bernanke once again: the importance of putting US fiscal policy on a sustainable path Global Economy Edition

Of particular interest for us, Fed Chairman Bernanke noted the following in his speech today on “Rebalancing the Global Economy” at the European Central Bank’s conference in Germany:

“For their part, deficit countries need to do more over time to narrow the gap between investment and national saving. In the United States, putting fiscal policy on a sustainable path is a critical step toward increasing national saving in the longer term.” 

Post a New Comment

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <p> <br><img><div><span><object><embed><blockquote> <!--break-->
  • Lines and paragraphs break automatically.
  • Insert a chart by placing [chart:nid] into your content, where nid is the node ID.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.