US Treasury Secretary Yellen spoke after the G7
- Higher interest rates would be a "plus" for society and for the Federal Reserve
- US monetary policy can handle inflation risks
- Biden's $4 trillion spending plan would be good for the US, even if it contributes to rising inflation and results in higher interest 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"
Yellen in an interview with Bloomberg.
I posted the early (very early!) rates here, not a lot of impact from Ms. Yellen's comments, USD a touch higher almost across the board.
