Fed Chairman Ben Bernanke: "Global imbalances may reassert themselves" as recovery takes hold...

|By:, SA News Editor
Fed Chairman Ben Bernanke: "Global imbalances may reassert themselves" as recovery takes hold around the world, he says at SF Fed's conference on Asia. U.S. needs sustainable fiscal policy while countries that run trade surpluses (particularly in Asia) must increase their domestic demand. Banks must be "carefully regulated, transparent, and sufficiently well capitalized and liquid to withstand large shocks."