Treasury chief: governments should use all tools to boost growth
Reuters
Published Jun 27, 2016 08:45AM ET
Treasury chief: governments should use all tools to boost growth
WASHINGTON (Reuters) - U.S. Treasury Secretary Jack Lew said on Monday that policymakers in Britain and other European nations and elsewhere should use all available tools, including fiscal and monetary policy and structural reforms, to boost global demand in the aftermath of the UK vote to leave the European Union.
In prepared remarks to the Bretton Woods Committee, Lew said he will continue to consult with his finance ministry counterparts on market conditions in the coming days, weeks and months.
"As we move forward, it is important to stress that U.K., European, and global policymakers have the tools necessary to support not just financial stability - but also to promote economic growth," Lew said. "And it is incumbent upon major economies to use all tools available - fiscal, monetary and structural reforms - to boost global demand and create the kind of inclusive economic growth that has been lacking worldwide."
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Written By: Reuters
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