Fed’s Warsh advocates pro-growth fiscal policy in US
Kevin Warsh, a member of the board of governors at the Federal Reserve, on Monday said the United States need to shift towards a pro-growth fiscal policy.
Speaking in New York, Warsh said: "Fiscal authorities should resist the temptation to increase government expenditures continually to compensate for shortfalls of private consumption and investment. A strict economic diet of fiscal austerity has greater appeal, a kind of penance owed for the excesses of the past."
Warsh said the United States
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