US Treasury Chief Yellen, Lagarde discuss policy tools to foster growth

Washington, Feb 17 (Sputnik) US Secretary of the Treasury Janet Yellen and European Central Bank (ECB) President Christine Lagarde discussed applying the right policy tools to revive economic growth on both sides of the Atlantic, the Department of the Treasury said in a readout.
“Secretary of the Treasury Janet Yellen spoke with ECB President Christine Lagarde,” the readout said on Tuesday. “The secretary commended the ECB’s swift and decisive policy response to the pandemic and discussed policy tools to foster growth and job creation in both Europe and the United States.”
In the conversation, Yellen emphasized their shared priorities, including ending the pandemic, supporting a strong global economic recovery, maintaining financial stability and forcefully addressing the threat of climate change, the Treasury Department said.
Yellen also emphasized the importance of deepening transatlantic cooperation on economic and financial issues of mutual interest, the readout added.