Daily Traders Edge

U.S. will urge greater fiscal spending at G20: Treasury official

February 22
19:08 2016

The United States will call on G20 countries to use all monetary and fiscal tools at their disposal in order to boost global demand, a senior U.S. Treasury official said on Monday. "We will urge greater use of policy space, including fiscal space, to bolster global demand. G20 finance ministers, including U.S. Treasury Secretary Jack Lew, and central bank governors will meet on Feb. 26-27, with sagging global growth, divergent monetary policies and currency devaluations set to dominate the agenda.

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