While markets wait for Janet Yellen’s latest message about the direction of monetary policy, the Federal Reserve chief and her colleagues already have one for politicians: the U.S. economy needs more public spending to shift into higher gear.
In the past few weeks, Yellen and three of the Fed’s other four Washington-based governors have called in speeches and Congressional hearings for government infrastructure spending and other efforts to counter weak growth, sagging productivity improvements, and lagging business investment.
Gold Slides to 4-Week Low, Existing Home Sales Disappoint
WTI/USD – US Crude Slides as Crude Inventories Jump
Japanese Seek Bargains as Economy Limps, Abenomics Loses Shine
