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June 27, 2006

World Economic Update [Transcript; Federal News Service, Inc.]

Speakers:	Ethan Harris, Chief U.S. Economist, Lehman Brothers John P. Lipsky, Vice Chairman, JPMorgan Investment Bank
Presiders:	Edward M. Gramlich, Interim Provost and Executive Vice President for Academic Affairs, the University of Michigan Daniel K. Tarullo, Professor of Law, Georgetown University Law Center

In this edition of the World Economic Update, the panelists discussed the practical steps that should be taken regarding U.S. trade imbalances and the degree to which the G-7 and IMF pronouncements on global imbalances are likely to bear fruit.

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