U.S. sees more room for fiscal boost globally

August 31, 2016 5:13 PM EDT

Passengers are seen on a bus near the West Lake, before G20 Summit in Hangzhou, Zhejiang Province, China August 31, 2016. REUTERS/Aly Song


News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

WASHINGTON (Reuters) - The U.S. Treasury believes there is more room for governments to use fiscal policy to boost growth, and will take that message to next week's Group of 20 meeting in China, Under Secretary for International Affairs Nathan Sheets said on Wednesday.

Sheets told Bloomberg Television that countries outside the United States need to use "all available tools" including monetary, fiscal and structural reform to boost growth.

"Particularly the understanding of the appropriate role for fiscal policy is resonating much more clearly with our international counterparts than was the case several years ago," he said.

(Reporting by David Chance; Editing by David Gregorio)



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Reuters

Add Your Comment