US Treasury Sec. Yellen: Urged G7 members to go big on fiscal support

US Treasury Secretary Janet Yellen said on Friday that she urged G7 members to 'go big' on fiscal support to promote a robust and lasting economic recovery, as reported by Reuters.

Additional takeaways

"Emphasized US President Joe Biden's administration's commitment to multilateralism, strengthening our alliances."

"Pledged support for tackling climate change, told G7 colleagues to expect a dramatic increase in US engagement relative to Trump years."

"US must play a crucial role in global climate effort."

"G7 must work with international financial institutions to aid low-income countries struggling in the pandemic."

Market reaction

These comments don't seem to be impacting market sentiment. As of writing, the S&P 500 Index was up 0.2% on the day at 3,924.