Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

U.S. economy performing despite headwinds, leaders must cooperate: Lew

Published 07/13/2016, 08:19 AM
Updated 07/13/2016, 08:20 AM
© Reuters. US Treasury Secretary Jack Lew attends a news conference at the Bercy Finance Ministry in Paris

LONDON (Reuters) - The U.S. economy continues to perform steadily in the face of headwinds, though leaders need to work together and use all tools at their disposal to promote growth, U.S. Treasury Secretary Jack Lew said on Wednesday.

"Secretary Lew noted that the U.S. economy continues to perform in a stable, steady way in the face of headwinds from the global economy," a U.S. Treasury spokesperson said in an emailed statement after Lew meet bank and financial services executives in London.

"The Secretary added that looking forward, it is important that leaders work together to promote shared economic growth using all tools available – monetary, structural, and fiscal."

© Reuters. US Treasury Secretary Jack Lew attends a news conference at the Bercy Finance Ministry in Paris

Lew met British finance minister George Osborne earlier on Wednesday to discuss the outcome of the decision by British voters last month to leave the EU, and he urged Britain and the EU to show flexibility when negotiating their new relationship.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.