Janet Yellen is calling for investment in public infrastructure.
Yellen has no mandate to dictate fiscal policy, but in recent Congressional hearings, the President of the Federal Reserve and at least four more members of the board are signaling that monetary policy tools have reached their limit. Asset-buying and a close to zero interest rate policy will not suffice to boost investment and productivity.
That is also largely expected to be the main message of the Fed's annual conference in...
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