	fed s johnson urges stronger allied growth federal reserve board vice chairman manuel johnson said that the u s s main industrial partners should expand their domestic growth in a speech to a women s group here johnson said there is room for stronger domestic growth in those countries strong enough to absorb growth in u s export markets johnson also said there was a better alignment of exchange rates now and the paris agreement to stabilize currencies has brought western nations a long way towards establishing that goal johnson said the fed supports this pattern of exchange rates and we ll see if it leads to a convergence in trade quite possibly it can be achieved johnson said the paris agreement achieved a better alignment of exchange rates in exchange for stimulus by the major surplus countries he said this was a major improvement and a step in the right direction and added u s allies look very strongly to a u s budget deficit cut there will always be a potential risk of breakdown in international cooperation without a budget deficit cut reuter 
