Domestic demand, on the other hand, was said to be light.
It doesn't cost us jobs because we already have more than enough domestic demand.
As with oil, American production of natural gas is no longer enough to meet domestic demand.
This number fell through the 1990s as domestic demand increased.
"Now we're sitting on huge capacity and not enough domestic demand."
Real domestic demand, he said, has been increasing at an annual rate of around 4 percent.
Domestic demand for electric energy is expected to grow by more than 30% from 2009 to 2035.
It can create domestic demand through tax cuts and more government spending.
However, this production only satisfied 67 percent of domestic demand.
Still, the bank's eyes are clearly on domestic demand, not exchange rates.
