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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 (40)
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.
John Raymond
John Raymond Jun 07, 2021 3:04AM ET
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how is she going to pay for it!!!?
Brian Chong
Brian Chong Jun 07, 2021 3:04AM ET
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that's the last on their mind and they know they won't be able to pay for it.
Mike Brarey
Mike Brarey Jun 07, 2021 2:48AM ET
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The Fed doesn't control inflation at all, and has only a partial control on real interest rates
Anthony Anthony
Anthony Anthony Jun 07, 2021 2:44AM ET
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She is a train wreck
Steve Lora
Steve Lora Jun 07, 2021 2:40AM ET
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Maybe get back to Jimmy Carter days
Gee Oxie
Gee Oxie Jun 07, 2021 12:59AM ET
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Doesnt the fed control interest rates? So she basically said she doesnt know anything?
Hung Pham
Hung Pham Jun 06, 2021 11:59PM ET
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Previlige white granny so out of touch
Jokers R Us
Jokers R Us Jun 06, 2021 11:59PM ET
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not out of touch everything is planned she knows exactly what she's doing.
Hung Pham
Hung Pham Jun 06, 2021 11:59PM ET
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Jokers R Us yeah they plan to destroy middle class
Chris Fran
Chris Fran Jun 06, 2021 11:59PM ET
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what's previige? you just came fresh off the boat. vietnamese fob. lol
Jacob Double
Jacob Double Jun 06, 2021 11:47PM ET
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mr Trump, please come back ! ;( save this country
Jacob Steinschlag
Jacob Steinschlag Jun 06, 2021 11:47PM ET
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rofl
Jacob Double
Jacob Double Jun 06, 2021 11:46PM ET
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Trump please come back :(
Jacob Steinschlag
Jacob Steinschlag Jun 06, 2021 11:46PM ET
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brain please return!
Francesco Lucchesi
Francesco Lucchesi Jun 06, 2021 11:46PM ET
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Mr diaper man
Pratt Man
Pratt Man Jun 06, 2021 11:26PM ET
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she's correct. low inflation and low rates are bad for a normal functioning economy.
Hung Pham
Hung Pham Jun 06, 2021 11:26PM ET
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She’s wrong beause that will not work with her boss want to keep printing money
Vlad Lozovskiy
Vlad Lozovskiy Jun 06, 2021 9:02PM ET
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Stop handouts, do not raise rates. Simple
Pratt Man
Pratt Man Jun 06, 2021 9:02PM ET
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yeah, like the $30 billion trump gave to farners, and tax loopholes that allows people to earn a billion dollars and pay only 17% tax rate.
Hung Pham
Hung Pham Jun 06, 2021 9:02PM ET
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Pratt Man like $500 billion Obama gave out to banks?
Chris Fran
Chris Fran Jun 06, 2021 9:02PM ET
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Pratt that was during the economic crisis. and they paid it back with interest. Trump created the trade crisis and gave away money from the crisis that he made!
Chris Fran
Chris Fran Jun 06, 2021 9:02PM ET
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not Pratt.. to hung
YouTube Account
YouTube Account Jun 06, 2021 7:31PM ET
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She hates the American people and their Constitutionally protected rights.
Pratt Man
Pratt Man Jun 06, 2021 7:31PM ET
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like???
Hung Pham
Hung Pham Jun 06, 2021 7:31PM ET
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Pratt Man like stop talking so Americans can eat lol
William Smith
William Smith Jun 06, 2021 7:04PM ET
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She needs to talk it up to 5% so I can short the market to zero.
Francesco Lucchesi
Francesco Lucchesi Jun 06, 2021 7:04PM ET
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exactly!
peter neal
peter neal Jun 06, 2021 6:53PM ET
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Have the Fed stop buying Bonds and sell clear their Balance Sheet would put interest rate where it should be around 14 percent.
robert Flippa
robert Flippa Jun 06, 2021 6:53PM ET
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the seed has been sown, let's see how the market reacts...this news along with the G-7 tax consensus should make for an interesting week
robert Flippa
robert Flippa Jun 06, 2021 6:52PM ET
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the seed has been sown, let's see how the market reacts...this news along with the G7 tax consensus should make for an interesting week
 
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