FEDERAL RESERVE CHAIRMAN WALSH'S G20: SAY GOODBYE TO “LONG-TERM STAGNATION” AND THE GLOBAL WAVE OF INVESTMENT

On 31 August, the Chairman of the Federal Reserve, Kevin Walsh, delivered a brief message at a meeting of G20 finance ministers and central bankers in Ashville, North Carolina. In his speech, Walsh expressed strong optimism about the United States economy and the global macro outlook. In his message, Walsh reiterated the core points he had made at the Jackson Hall Global Central Bank annual meeting. He noted that, as he assumed his new 100 days, it was clear that the term “long-term stagnation” had become a historic term and that the economy was now entering a new cycle of “long-term growth”. In addition, Walsh defined the current macroeconomic climate as a “global investment wave”. This argument goes hand in hand with the point he has repeatedly stressed in recent months — that the outbreak of AI technology is being a key driving force that drives huge financial flows to the enterprise, thus stimulating a new round of business growth and capital expansion。