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