Real and financial sector linked - Fed's Warsh
The US economy will recover sooner than expected if banks are willing to find new ways of lending, said Kevin Warsh, a governor at the Federal Reserve.
Speaking at the New York University, Warsh warned that if banks proved unable or unwilling to establish new business models, then the current financial market turmoil could act as a significant drag on economic growth long after markets had stabilised.
Click here to read the speech
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