Geithner delivers warnings on economic threats
Geithner delivers warnings on economic threatsTimothy Geithner, president of the New York Fed, has warned that some countries are accumulating large reserves of dollar-denominated securities in order to keep their currencies fixed to the dollar, holding down long-term interest rates which might be distorting U.S. growth and investment. In a speech to the Council on Foreign Relations, Geithner also expressed concerns about growing inequality and globalization, although he didn't offer up any solutions.
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posted by Victor Lloyd Smith @ 4:57 PM
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