(CNBC) U.S. Treasury Secretary Janet Yellen said that President Joe Biden’s $4 trillion spending proposal would be positive for the country, even if it leads to a rise in interest rates. During an interview with Bloomberg News, the former Federal Reserve chair said the president’s plans would total about $400 billion each year — a level of spending she argued was not enough to create an inflation over-run.
Higher interest rates would be good for the country, Treasury Secretary Yellen says
This entry was posted in Syndicated. Bookmark the permalink.
