US Treasury Secretary Yellen spoke over the weekend after the G7, her comments have nudged the US dollar just a touch higher in very, very early Asia trade (NZ market are out today):
- US Treasury Secretary Yellen says will persist with Biden's $4tln spending plan even it it sends inflation higher
- Monday morning open levels - indicative forex prices - 7 June 2021 ... not much change despite Yellen's remarks
Yellen spoke with Bloomberg, the report of her interview is here (may be gated) with just a little more if you are interest:
- "We've been fighting inflation that's too low and interest rates that are too low now for a decade,"
- "we want them to go back to" a normal interest rate environment
- "and if this helps a little bit to alleviate things then that's not a bad thing -- that's a good thing."
Yellen is immediate past Chair of the Federal Reserve system.
