UPDATE 1-Fed's George: Fiscal policy will remain important until pandemic is over
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...
Source: reuters.com