Fed's Ferguson: no threat from current account gap

Speaking on Friday April 23 Roger Ferguson, Vice Chairman of the Federal Reserve, said that there was no reason to fear that the process of reining in big US trade deficits would disrupt global economic activity.

Speaking to a roundtable organized by the Washington-based European Institute ahead of a meeting of Group of Seven industrial countries, Ferguson also said he saw no letting up in the foreign appetite for dollar-denominated securities nor reason to worry a current account adjustment

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