Yellen Says Rates 'Unlikely' to Return to Pre-Covid Levels.

Item request has been placed! ×
Item request cannot be made. ×
loading   Processing Request
Read Online Read More Add to Saved list
  • Additional Information
    • Subject Terms:
      YELLEN, Janet, 1946-; WHITE House (Washington, D.C.); ECONOMIC policy; WHITE House staff; INTEREST rates; BUDGET; UNITED States presidential election, 2024; TREASURY bills
    • Abstract:
      US Treasury Secretary Janet Yellen stated that it is unlikely that market interest rates will return to pre-Covid levels due to inflation and higher yields. The new projections released by the White House align with private sector forecasts, reflecting current market realities. Yellen acknowledged the debate among economists regarding whether rates will settle higher or return to pre-pandemic levels. The higher interest rate projections in President Joe Biden's budget proposal will contribute to the overall deficit and debt figures. Yellen made these remarks while promoting the Biden administration's economic policy record in Kentucky. [Extracted from the article]
    • Abstract:
      Copyright of Bloomberg.com is the property of Bloomberg, L.P. and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)