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Yellen says higher interest rates would be 'plus' for U.S., Fed- Bloomberg News

EconomyJun 06, 2021 11:10PM ET
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© 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.

Yellen says higher interest rates would be 'plus' for U.S., Fed- Bloomberg News
 

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Comments (39)
Jim Herndon
Jim Herndon Jun 07, 2021 7:32AM ET
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Jan, Please return to academia
mj icwr
mj icwr Jun 07, 2021 7:31AM ET
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think so
Kurt Craig
Kurt Craig Jun 07, 2021 7:08AM ET
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Let's recover completely before raising taxes on anyone
Robert Conley
Robert Conley Jun 07, 2021 6:47AM ET
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who does she think she's fooling
Bill Bill
Bill Bill Jun 07, 2021 5:40AM ET
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Trend is friend. Trend is negative.
Mart Bab
Rubberduck1973 Jun 07, 2021 5:35AM ET
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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?
Tim Barak
Tim Barak Jun 07, 2021 5:10AM ET
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"We've been fighting inflation that's too low ..."Than stop importing cheap labor
Hiep Nguyen Quoc
Hiep Nguyen Quoc Jun 07, 2021 4:44AM ET
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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.
Asher Deri
Asher Deri Jun 07, 2021 3:36AM ET
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Does that mean we finally gonna see a bearish indexes?
Michael Chen
Michael Chen Jun 07, 2021 3:12AM ET
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Yellen said the truth! Don’t worry about inflation. It’s all taken care of. Just buy and spend.
 
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