Yellen says she urged G7 to keep up fiscal support for recovery, climate investments

LONDON/WASHINGTON, (Reuters) – U.S. Treasury Secretary Janet Yellen said on Saturday that she is urging the G7 wealthy democracies and other countries to keep up fiscal support for their economic recoveries and to make investments to fight climate change and inequality.

In prepared remarks for a news conference after G7 finance ministers met in London, Yellen also praised an agreement to pursue a global minimum tax of at least 15% on corporations as helping to stabilize tax systems while preserving national authority to set tax rates and policies.

“G7 economies have the fiscal space to speed…