Fed Chief Calls for Efforts to Balance World Trade
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Ben S. Bernanke said a global âsavings glutâ has helped keep interest rates low, but he expressed concern over trade imbalances between emerging and industrial nations.
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With no major economic crises brewing, the head of the International Monetary Fund on Saturday urged world financial leaders to seize the period of calm as a time to tackle weak spots in their economies.
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Ben S. Bernanke expressed concern Tuesday over trade imbalances between emerging and industrial nations.
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International Monetary Fund chief   Rodrigo Rato called on policy makers on Sunday to be ready for   a slowdown in the United States, despite the prospect of strong   growth in the world economy, and to tackle rising price   pressures.
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Officials call on international community to open crossing points for trade.
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Global finance chiefs meeting in Washington warn finance ministers and central banks to focus on fighting inflation.
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OMAHA, Nebraska  - Policy-makers should seek to expand worker skills but refrain from restricting trade or labor flows in efforts to narrow income disparity, U.S. Federal Reserve Chairman Ben Bernanke said on Tuesday.
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The Federal Reserve has a difficult task ahead as it seeks to put the U.S. economy on an even keel, the International Monetary Fund said Friday.
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Global finance chiefs sought on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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Global finance chiefs sought a way on Friday to put pressure on China to let its currency rise in value to ease global trade imbalances and also aimed to craft a message to soothe turbulent financial markets.
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U.S. Treasury Secretary Henry Paulson on   Thursday pushed Pacific Rim economic partners to help save   stalled world trade liberalization talks.
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Global factors may on  balance have boosted U.S. inflation, but globalization has not  affected the ability of the Federal Reserve to influence U.S.  financial conditions, Fed Chairman Ben Bernanke said on Friday.
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The Treasury secretary is urging a successful conclusion of world trade talks, pushing for expansion of Indiaâs capital markets and for regulators to open the financial sector to foreigners.
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BASEL, Switzerland -- Central bankers, joined by commercial counterparts and financial regulators from around the globe, yesterday discussed ways to ensure smooth economic growth amid worries over widening US deficits.
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The persistence of bloated U.S. trade deficits over time can pose a risk to the U.S. economy, which thus far has proven resilient, Federal Reserve Chairman Alan Greenspan warned Friday. Policy-makers must not get lulled into a sense of complacency, he said.
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Alan Greenspan, the chairman of the Federal Reserve, said that America's trade deficit might be poised to stabilize and even fall because of market pressures.
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U.S. Treasury Secretary Henry Paulson  said on Saturday that major industrial countries and key  emerging economies like China share a responsibility to bring  global economic imbalances under control.