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Yellen says higher interest rates would be ‘plus’ for US

Treasury secretary says interest rates have been ‘too low now for a decade’

Reuters

Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates, Bloomberg News reported.

“If we ended up with a slightly higher interest rate environment it would actually be a plus for society’s point of view and the Fed’s point of view,” Yellen said in an interview with the outlet on Sunday.

Click the link below to read the rest of this story.

https://www.foxbusiness.com/economy/yellen-says-higher-interest-rates-would-be-plus-for-u-s

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