Fed Chair Warsh Cites Global Investment Surge
Federal Reserve Chairman Kevin Warsh told G20 leaders that a historical global savings glut has reversed into an investment surge. The shift is helping power growth and driving up Treasury yields amid rising demand for capital.
Federal Reserve Chairman Kevin Warsh told G20 finance leaders on Monday afternoon that a global investment surge has replaced past savings gluts. The shift marks a departure from decades of low-yielding capital accumulation. The new capital demand helps drive international growth while pushing up borrowing costs.
