WASHINGTON (Dow Jones)--The U.S. current account deficit "can and should come down," Federal Reserve Chairman Ben Bernanke said Wednesday.
Responding to questions during his semiannual monetary policy report to a House of Representatives committee, Bernanke said he hopes that the record-high current account deficit will "come down in a way that I hope will not be disruptive."
Many economists are concerned that the rapid accumulation of debt as a result of the higher current account deficit could put pressure on the dollar and lead to higher interest rates.
-By Brian Blackstone; Dow Jones Newswires; 202-828-3397; firstname.lastname@example.org
(END) Dow Jones Newswires