Yellen says higher interest rates would be 'a plus': report

Dow Jones2021-06-07

Getting inflation and rates back to a normal environment would be good, Treasury secretary tells Bloomberg

U.S. Treasury Secretary Janet Yellen said in an interview Sunday that higher interest rates would be "a plus" for policy makers.

Speaking with Bloomberg News in London, Yellen said it's OK if President Joe Biden's $4 trillion spending plans trigger inflation and higher rates.

"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," she told Bloomberg.

"We've been fighting inflation that's too low and interest rates that are too low now for a decade," she said. "We want them to go back to" a normal environment, "and if this helps a little bit to alleviate things then that's not a bad thing -- that's a good thing."

The Fed has said it won't start to scale back its $120 billion-a-month asset purchases until the economy had made "substantial further progress" toward the Fed's goals of full employment and stable long-run 2% inflation.

While indicators of inflation have been rising whenever the Fed starts paring back its purchases.

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精彩评论

  • BBSG
    2021-06-07
    BBSG
    Goof
  • Juneriq
    2021-06-07
    Juneriq
    Hooray
  • JinHan
    2021-06-07
    JinHan
    I believe Jerome Powell will stick to his word and keep interest rate low for long. Any raise in interest rate will definitely be a big hit to US economy recovery. Growth counters will get hit pretty badly if it happens. Let’s hope these are just noises in the market. Stay invested all.Time in market > timing the market!!!
    • JinHan
      Keen to hear some inflation trades if possible. Do like and comment!
  • JackieZHD
    2021-06-07
    JackieZHD
    Make make make
  • Dan94
    2021-06-07
    Dan94
    Interest rate rise will be bad for tech portfolio[流泪] 
  • jemmie
    2021-06-07
    jemmie
    pls give us a heads up before u raise the rates
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