Fed chairman Kevin Warsh on Monday said the world had entered into an era of secular growth and was witnessing a global investment surge.
Speaking at the opening session of a meeting of finance ministers of leading economies from around the globe in Asheville, North Carolina, Warsh said that the global economy was in a “new period of secular growth.” He said he planned on asking economic policymakers at the meeting whether they believed this was a cyclical trend or a secular change.
Warsh contrasted the current period with the era that followed the global financial crisis, when many policymakers and academics were convinced that major global…
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