Fed's Warsh on corporate cash balances

In the speech 'Corporate cash balances and economic activity' given on 18 July Kevin Warsh of the Federal Reserve said US companies are at last starting to borrow more and cut the cash hoards they maintained during the economic recovery, a trend that is likely to persist.

"Increasingly, firms appear to be accelerating shareholder buybacks, raising dividends, increasing business spending, and becoming more acquisitive," Warsh said in remarks at the American Enterprise Institute in Washington.

Warsh

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