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Jim Herndon
Jun 07, 2021 7:32AM ET
Jan, Please return to academia
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💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
Yellen says higher interest rates would be 'plus' for U.S., Fed- Bloomberg News
© Reuters. FILE PHOTO: U.S. Treasury Secretary Janet Yellen speaks during a news conference, after attending the G7 finance ministers meeting, at Winfield House in London, Britain June 5, 2021. Justin Tallis/Pool via REUTERS
(Reuters) - U.S. 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. https://bloom.bg/34Vf35T
"We've been fighting inflation that's too low and interest rates that are too low now for a decade," the report quoted Yellen as saying.
"We want them to go back to" a normal interest rate environment, "and if this helps a little bit to alleviate things then that's not a bad thing- that's a good thing," Yellen added.
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Comments (39)
mj icwr
Jun 07, 2021 7:31AM ET
think so
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Kurt Craig
Jun 07, 2021 7:08AM ET
Let's recover completely before raising taxes on anyone
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Robert Conley
Jun 07, 2021 6:47AM ET
who does she think she's fooling
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Bill Bill
Jun 07, 2021 5:40AM ET
Trend is friend. Trend is negative.
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Rubberduck1973
Jun 07, 2021 5:35AM ET
I bet a 100 bucks the writer of this article is shorting gold. The title is putting her words completely out of context. There is a very large IF. And your article is written as if she will start tomorrow. Market manipulation?
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Tim Barak
Jun 07, 2021 5:10AM ET
"We've been fighting inflation that's too low ..."Than stop importing cheap labor
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Hiep Nguyen Quoc
Jun 07, 2021 4:44AM ET
She's just talked exactly the ISLM model. When Mr.Joe push the fiscal spending, IS curve will shift right and interest rate raises. That will compensate the monetary policy from FED which lowering the interest rate by shifting the LM curve to the right. That's natural.
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Asher Deri
Jun 07, 2021 3:36AM ET
Does that mean we finally gonna see a bearish indexes?
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Michael Chen
Jun 07, 2021 3:12AM ET
Yellen said the truth! Don’t worry about inflation. It’s all taken care of. Just buy and spend.
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