Donald L Kohn: American International Group Testimony of Mr Donald L Kohn, Vice Chairman of the Board of Governors of the US Federal Reserve System, before the Committee on Banking, Housing, and Urban Affairs, US Senate, Washington DC, 5 March 2009.
Risks coming from advanced economies include: a)  weak domestic activity amid sustained ultra-low inflation/deflation;  b)  sustainability of key reform measures in the euro area amid improving growth prospects; and  c)  a faster than expected pace of US monetary policy normalization.