Yellen says interest rates may have to rise somewhat to make sure economy doesn't overheat

Tiger Newspress2021-05-04

(May 4) Treasury Secretary Janet Yellen conceded Tuesday that interest rates may have to rise to keep a lid on the burgeoning growth of the U.S. economy brought on by trillions in government stimulus spending.

"It may be that interest rates will have to rise somewhat to make sure that our economy doesn't overheat," Yellen said during a economic seminar presented by Th Atlantic. "Even though additional spending is relatively small to the size of the economy, it could causae some very modest increases in interest rates."

"But these are investments our economy needs to be competitive and productive," she added.

Nasdaq fell over 2% for now.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • kareayam
    2021-05-06
    kareayam
    Interest up
  • Kel9670ong
    2021-05-05
    Kel9670ong
    Lesser low interest $$
  • GCL08
    2021-05-05
    GCL08
    Rate goes up....stock goes down. It’s like a see saw
  • Shin33
    2021-05-05
    Shin33
    Well if it has to rise it has to rise
  • JKKT
    2021-05-05
    JKKT
    I would agree. Inflation and economy is heating up too quickly
  • perfy
    2021-05-05
    perfy
    Good
Leave a comment
209