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Yellen Tells G-7 "Time To Go Big Is Now" In Her First Virtual Meeting
Because in some bizarro universe, the $30 trillion in fiscal and monetary stimulus injected in the past years is somehow not enough, in her first virtual meeting - alongside Fed chair Jerome Powell - with G7 finance ministers, Janet Yellen "stressed the importance of providing further fiscal support to promote a robust and lasting recovery" which means that "the time to go big is now" and that the "G7 should be focused on what more we can do to provide support at this time" according to a statement from the Treasury. Yellen, now in her role as head helicopter money driver following the Fed-Treasury MMT merger, ... (full story)
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