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By Reuters Staff 1 Min Read WASHINGTON, Feb 16 (Reuters) - Fiscal policy will remain an important prop of the U.S. economy until the pandemic is “in the rearview mirror,” Kansas City Federal Reserve Chair Esther George said on Tuesday. Rising federal debt will have to be addressed at some point, she said, and the costs to taxpayers “will not be insignificant” if interest rates rise. But right now “the economy needs a bridge to get beyond this public health crisis,” she said. (Reporting by Howard Schneider Editing by Chris Reese)

By Reuters Staff (Adds discussion of inflation) WASHINGTON, Feb 16 (Reuters) - Fiscal policy will remain an important economic prop in the United States until the pandemic subsides, Kansas City Federal Reserve President Esther George said on Tuesday, with inflation unlikely to pose a near-term problem even with record levels of public debt. George did not comment specifically about the $1.9 trillion spending plan the Biden administration is hoping to push through Congress, but in comments to a real estate symposium she noted how government programs last year kept the economy afloat through th...

1/13/2021 4:52:04 AM GMT Market highlights  Crude oil rallies to pre-pandemic levels US dollar pullback has allowed some "risk-on" FX plays to flourish Gold trades up this on weaker USD after FOMC members pushed back on market taper talk Markets After a shaky start, investors found their feet after a quorum of Fed officials gave risk assets room to breath after talking down the prospects of tapering; as the dollar weakens, it appears all boats float. USequities ended a wobbly session little changed on Tuesday, the S&P up slightly heading into the close after recovering from earlier losses. U...