Central bankers eye public spending to plug $1 trillion investment gap

August 25, 2016 5:23 AM

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Central bankers eye public spending to plug $1 trillion investment gap

JACKSON HOLE, WyomingWhile 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.

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