Yellen: Rates may have to rise to stop economy overheating

Yellen: Rates may have to rise to stop economy overheating

Treasury Sec. Yellen:

- President Biden is addressing long-standing problems in the US economy

- These problems have festered for too long

- High price tags will be spread out over years

- Not all spending will be deficit spending

- Uncollected taxes amount to $7 trillion over a decade

- Reallocation may result in some small increases in interest rates

- Rates may have to rise to stop economy from overheating

04 May 21 (Tue)

03:18 pm



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