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Yellen says higher Treasury yields signal recovery, not inflation

Published 03/05/2021, 06:47 PM
Updated 03/05/2021, 06:50 PM
© Reuters. FILE PHOTO: Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day policy meeting, in Washington

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Friday said higher long-term Treasury debt yields were a sign market participants were anticipating a stronger recovery, not of increased inflation concerns.

"I don't see that the markets are expecting inflation to rise above the 2% inflation objective that the Fed has as an average inflation rate over the longer run," Yellen said in a PBS Newshour interview.

© Reuters. FILE PHOTO: Federal Reserve Chairman Janet Yellen speaks during a news conference after a two-day policy meeting, in Washington

She added the United States needs faster job growth than seen during February, but can reach full employment by next year with President Joe Biden's $1.9 trillion stimulus plan in place.

Latest comments

what planet is she on?
Janet's got this.
Yellen is a Keynesian shill.
good now that we're all recovered we can sell off
Fed FOMC will not speak for the next trading week. In order for inflation to rise, market must be convinced first that Fed Bank will not be spooked by inflation increase and change monetary policies too soon ( QE= $120 billion monthly at 0-0.25% ). Powell will have to stick to his words 17 March (Wednesday). A stimulus bill of $1.9 trillion + $ 1.4 trillion Fed QE by December Economy will overheat. Too much liquidity.
she is useless. so is powell. they are all about padding their coffers
Last recession they thought it was going to be devistating. History shows everyone over reacted and a lot out in a lot of gains because of it. Dont be that dramatic over reacting person this time
Long-term Treasury debt yields are a sign inflation is coming. Yields increase in order to entice buyers because nobody wants to hold that *****long term...because high inflation will destroy any cash flow that originates from the yield.
Ohh. Boy. These people are clueless .. Buy gold and guns.
gas prices are 1$ more per gallon. not inflation?
Brent is up 400% from yearly lows, copper is up 100%, Lumber 400%.And there is no inflation??
corrupt bunch
yes. and copper prices up 88% in 12 months signal a lot of people taking up electrical engineering as a hobby
Hahaha. What a great analogy!
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