(Reuters) – While easy monetary policy can support the U.S. economy in the long term, more fiscal help may be needed in the short term to carry the economy through the pandemic, Cleveland Federal Reserve Bank President Loretta Mester said on Wednesday.
Fiscal support can provide direct relief to the workers hurt by the pandemic, a group that disproportionately includes women, Black and Hispanic workers, Mester said during a virtual discussion with former Fed presidents organized by the Council for Economic Education.
(Reporting by Jonnelle Marte; Editing by Leslie Adler)
