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

  • 6/6/2021
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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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