Economics

Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed

Treasury secretary speaks in interview Sunday after G-7 summit
Yellen ‘will not give up on’ Biden’s $4 trillion spending plan

WATCH: Yellen said Biden's $4 trillion spending plans could trigger inflation, but that it would actually be a "plus" for the society and the Fed. Enda Curran reports.(Source: Bloomberg)

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE

By Saleha Mohsin

June 6, 2021 at 2:22 PM EDT

Updated on

June 6, 2021 at 3:00 PM EDT

This article is for subscribers only.

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

LEARN MORE