Fed's Geithner on economic policy and productivity

In a speech on 'Economic policy and the sustainability of US productivity growth' given on 12 April, Timothy Geithner of the Federal Reserve Bank of New York said imbalances in the US fiscal and current accounts could hurt future investment, productivity and growth if not addressed.

"The overall environment for investment and innovation could be materially affected by the disposition of our fiscal and external imbalances and the exceptionally low net national savings rate," New York Fed

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