Fed's Warsh says past global savings glut is turning into investment surge

Fed Chairman Kevin Warsh told G20 leaders that a global investment surge is underway and is helping drive growth, reversing prior “savings glut” behavior that pushed capital into low-yielding instruments. He attributed the shift to an apparent shortage of investment opportunities in the past, implying a more constructive environment for capital deployment. The message is supportive for the growth outlook but does not specify policy changes, limiting near-term market impact.