(REUTERS) Fed's Broaddus-dollar fall part of trade rebalance
RICHMOND, Jan 16 (Reuters) - The "gradual" U.S. dollar fall
is part of the process of fixing trade imbalances, Richmond
Federal Reserve Bank President Alfred Broaddus said on Friday,
adding that stronger global growth is the best way to a more
balanced trade picture.
"Something has to give to bring about some rebalancing and
the gradual decline in the dollar we've seen for some time now
is part of that process," Broaddus said answering audience
questions after a speech to the Richmond, Virginia, chapter of
the Risk Management Association.
"One thing that would be very nice to see is stronger
growth elsewhere in the world, especially in the European
economy," he said, adding, "That would be the healthiest way to
correct this international imbalance.
((Reporting by Alister Bull, editing by Neil Stempleman;
Reuters Messaging: Alister.Bull.reuters.com@reuters.net; +1 202
898 8329))
REUTERS
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