Yellen says higher interest rates would
be 'plus' for U.S., Fed- Bloomberg News
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[June 07, 2021]
(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. |
![](../images/060721pics/busine35.jpg)
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 |
"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.
(Reporting by Juby Babu in Bengaluru; Editing by Alistair Bell)
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