Global Investment Surge Drives Economic Growth, Says Fed's Warsh

Fed Chairman Kevin Warsh told G20 finance leaders that the world is experiencing a global investment surge, driving growth. Speaking at his first international economic policy meeting since taking office in May, Warsh addressed the G20 opening plenary session about the shift in global capital flows.

The concept of secular stagnation no longer applies to the current economic environment, according to Warsh. He stated that past G20 meetings focused on discussions about a global savings glut that left capital unused due to limited investment opportunities.

Warsh expressed his desire to learn more about growth prospects among G20 member economies.