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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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Comment25

  • BBSG
    ·2021-06-07
    Goof
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  • Juneriq
    ·2021-06-07
    Hooray
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  • JinHan
    ·2021-06-07
    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!!!
    Reply
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    • JinHan
      Keen to hear some inflation trades if possible. Do like and comment!
      2021-06-07
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  • JackieZHD
    ·2021-06-07
    Make make make
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  • Dan94
    ·2021-06-07
    Interest rate rise will be bad for tech portfolio[流淚] 
    Reply
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  • jemmie
    ·2021-06-07
    pls give us a heads up before u raise the rates
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  • CubTrader
    ·2021-06-07
    Hinting now.. 
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    • MOON88
      Lol
      2021-06-07
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  • BriBri
    ·2021-06-07
    Obvious hint???
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    • CubTrader
      Yes
      2021-06-07
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    • BriBri
      This will be bad
      2021-06-07
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  • JemPro
    ·2021-06-07
    Insightful article. Thanks!
    Reply
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  • Sagi08
    ·2021-06-07
    Like and comment
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    • Sagi08
      Y not
      2021-06-07
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    • IZLIN
      noooooo
      2021-06-07
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    • markkk
      nice
      2021-06-07
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    View more 2 comments
  • Blueman13
    ·2021-06-07
    Yellen just another useless puppet
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    • JinHan
      Indeed. Totallt uncalled for
      2021-06-07
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  • hmmwvms
    ·2021-06-07
    Ho Ho Ho.
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  • tinfoilhat
    ·2021-06-07
    Oh no yellen
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    • Blueman13
      she's a lump of dung
      2021-06-07
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  • VSkemama
    ·2021-06-07
    Pls like and comment thanks
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  • SR050321
    ·2021-06-07
    So how ? Pls like n comment 
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  • sq26
    ·2021-06-07
    My tech stonks :(
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  • JaydenSee
    ·2021-06-07
    Pls like and comments 
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    • Singman
      pls do same to me too.
      2021-06-07
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  • CK11
    ·2021-06-07
    Is this a good new? 
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    • CK11
      [汗颜]
      2021-06-07
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    • KF73
      No good for stock market.
      2021-06-07
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  • ongcjeric
    ·2021-06-07
    Pls comment
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  • IchiGo
    ·2021-06-07
    OMG 
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    • ongcjeric
      Pls comment
      2021-06-07
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