Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy

– Fed’s Mester Says Helicopter Money “The Next Step” In US Monetary Policy:

“We’re always assessing tools that we could use,” Mester told the ABC’s AM program. “In the US we’ve done quantitative easing and I think that’s proven to be useful. “So it’s my view that [helicopter money] would be sort of the next step if we ever found ourselves in a situation where we wanted to be more accommodative.

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