Skip to content
Subscriber Only
New Economy

World Leaders Urge Pressing the Pedal on Stimulus

Tokyo Skyline As Japan’s Inflation Slows Again
Photographer: Akio Kon/Bloomberg

Hillary Clinton joined corporate chieftains in calling for more U.S. stimulus now as the pandemic threatens hopes for a global recovery. On the second day of the four-day Bloomberg New Economy Forum, the former Secretary of State said Donald Trump’s Covid-19 stimulus had not reached those in the greatest need and that she hoped for an agreement on new relief before the new U.S. Congress takes over in early January.

Mastercard Inc. Chief Executive Officer Ajay Banga said a fresh batch of U.S. fiscal support is needed as a renewed surge in coronavirus cases threatens to impact consumer spending. Earlier in the day, European Central Bank President Christine Lagarde reiterated that her institution will “recalibrate” its stimulus in December, widely understood as meaning it will add more monetary support for the economy.