Dallas Fed's Fisher on the world economy

In the speech 'The world economy: Sharpening our peripheral vision' given on 29 July, Richard Fisher of the Federal Reserve Bank of Dallas said China's growing role in the global economy presented challenges to the United States, but that the U.S. economy was poised to overcome them.

"China's emergence will trigger changes to our economy, but they will not come so fast or big so big as to overwhelm us," the Dallas Fed chief said. "We will have time to adjust."

"We have proven time and again that

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