(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday urged more government investment in roads, bridges, digital infrastructure, education, climate resiliency and other productivity-boosting infrastructure to help pull the economy from the deep recession brought on by the coronavirus pandemic.
The role for fiscal policymakers “has never been stronger than it is right now, in my lifetime,” Daly said at an online event run by the Harvard Kennedy School’s Institute of Politics. “We have to build a bridge to help shore people up so that when we emerge from the crisis, we are well prepared to continue to grow.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.