G20: Warsh says US stagnation is over, global investment surges

(Il Sole 24 Ore Radiocor) - The Chair of the Federal Reserve, Kevin Warsh, expressed confidence in the US economy during a brief address at the G20 summit. “Today, 100 days into my term, I reiterate a point I made in Jackson Hole a couple of days ago: secular stagnation seems to be a thing of the distant past. The new era is characterised by secular growth,” said Warsh, referring to his presentation last Friday at the Fed’s annual symposium in Wyoming. The chairman of the US central bank added that the current climate is characterised by “a surge in global investment”, reiterating a theme he has addressed several times in recent months: artificial intelligence driving cash flows that fuel corporate growth.
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