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Fed's Ferguson on the US current account deficit

In the speech 'U.S. current account deficit: Causes and consequences' given on 20 April, Roger Ferguson of the Federal Reserve said that America's current account deficit does not mean the world economy is doomed because its root is likely the attractiveness of U.S. investments.

"My sense is that the implications of current account adjustment for U.S. economic growth and inflation will most likely be benign," he told the Economics Club of the University of North Carolina at Chapel Hill.

Ferguson

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