Economics
U.S. Has ‘Very Large’ Stimulus Capacity, IMF Fiscal Chief Says
This article is for subscribers only.
The U.S. has ample room for additional federal stimulus and “a very large capacity to act,” according to Vitor Gaspar, the International Monetary Fund’s fiscal affairs department director.
It’s important for the recovery in the world’s largest economy that support continues for vulnerable households and viable businesses that otherwise would be under stress, Gaspar said in a briefing before the fund published its updated Fiscal Monitor report Thursday.