In other words, because we have been such heavy users of capital from foreign savers - so reluctant to save enough to provide our own investment capital - much of the growth in the New Zealand economy in recent years has accrued to those foreign savers. This is not a speech about why our growth performance has been disappointing.
Jerome H Powell: Brief remarks on the US economy Speech by Mr Jerome H Powell, Chairman of the Board of Governors of the Federal Reserve System, at Rhode Island Business Leaders Day, Washington DC, 27 September 2018. * * * Good afternoon.