Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

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

Published 06/06/2021, 03:33 PM
Updated 06/06/2021, 11:10 PM
© 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. 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

© 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

"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.

Latest comments

Jan, Please return to academia
think so
Let's recover completely before raising taxes on anyone
who does she think she's fooling
Trend is friend. Trend is negative.
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?
"We've been fighting inflation that's too low ..."Than stop importing cheap labor
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.
Does that mean we finally gonna see a bearish indexes?
Yellen said the truth! Don’t worry about inflation. It’s all taken care of. Just buy and spend.
how is she going to pay for it!!!?
that's the last on their mind and they know they won't be able to pay for it.
The Fed doesn't control inflation at all, and has only a partial control on real interest rates
She is a train wreck
Maybe get back to Jimmy Carter days
Doesnt the fed control interest rates? So she basically said she doesnt know anything?
Previlige white granny so out of touch
not out of touch everything is planned she knows exactly what she's doing.
yeah they plan to destroy middle class
what's previige? you just came fresh off the boat. vietnamese fob. lol
mr Trump, please come back ! ;( save this country
rofl
Trump please come back :(
brain please return!
Mr diaper man
Stop handouts, do not raise rates. Simple
like $500 billion Obama gave out to banks?
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! 😂
not Pratt.. to hung
She hates the American people and their Constitutionally protected rights.
like stop talking so Americans can eat lol
She needs to talk it up to 5% so I can short the market to zero.
exactly!
Have the Fed stop buying Bonds and sell clear their Balance Sheet would put interest rate where it should be around 14 percent.
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
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
If it adds more volatility to the market then its a good thing. Richer option premiums and two sided trading will be a blessing.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.