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During the week of May 2, 2005, FDIC Chief Economist Richard A. Brown conducted a pair of interviews with prominent experts on international financial trends. He asked these experts to look into America's economic future and discuss the implications of a U.S. current account deficit that reached $666 billion in 2004. Brown posed a specific set of questions to each expert regarding either the "adverse" scenario or the "benign" scenario for resolving this large financial imbalance. Edited transcripts of both interviews appear below.
Outlining the benign scenario is Stuart S. Brown, Professor of Economics and International Relations at the Maxwell School of Citizenship and Public Affairs and Senior Research Associate at the Moynihan Institute of Global Affairs at Syracuse University. Addressing questions about the adverse scenario is Roger M. Kubarych, Senior Economic Adviser for HVB Group, Henry Kaufman Adjunct Senior Fellow in International Economics and Finance at the Council on Foreign Relations, and former Chief Economist of the New York Stock Exchange.