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Yellen Says She Was Not Predicting or Recommending Rate Hikes

12 days ago   |   By Bloomberg

Treasury Secretary Janet Yellen said she was not predicting or recommending interest-rate increases when remarking earlier about the impact of fiscal spending on the U.S. economy.
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Yellen Clarifies Inflation Remark, Sees No Need for Fed to Hike

12 days ago   |   By Bloomberg

Treasury Secretary Janet Yellen said Tuesday afternoon she wasn't forecasting interest-rate increases to rein in any inflation spurred by President Joe Biden's proposed spending, clarifying comments that ruffled financial markets a few hours earlier.
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Tech stocks plummet as Yellen says interest rates may need to rise

Tech stocks plummet as Yellen says interest rates may need to rise

12 days ago   |   By Business Insider

Summary List Placement US stocks dropped sharply on Tuesday after Treasury Secretary Janet Yellen said interest rates may need to rise modestly to prevent the economy from overheating. Tech stocks led losses with shares of Apple, Tesla , and Amazon sinking into the close.
The Treasury Secretary's comments contrast with the Fed's plans to hold rates near zero through 2023, a policy that's been positive for high-growth technology companies. Her comments come as investors worry that massive fiscal spending could lead to a spike in inflation.
"It may be that interest rates will have to rise...
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Treasury Secretary Janet Yellen says higher interest rates may be needed so economy doesn't 'overheat'

Treasury Secretary Janet Yellen says higher interest rates may be needed so economy doesn't 'overheat'

12 days ago   |   By Business Insider

Summary List Placement Treasury Secretary Janet Yellen is among the country's most experienced economic policy experts.
A veteran of the Clinton and Obama administrations, Yellen has long been characterized as an economist closely associated with the center-left. That changed after the slow recovery from the Great Recession saw her transform into an ultra-dove, urging stimulus to hasten the recovery in 2010.
Now, as Treasury Secretary for President Joe Biden, she presides over a level of stimulus unseen since World War II - and she is sounding suddenly hawkish, especially in her remarks...
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