Fox Business Treasury Secretary Janet Yellen said Tuesday that higher interest rates may be needed in order to stave off runaway economic growth in the U.S. brought on in part by trillions in government stimulus measures. “It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat,” Yellen said during an economic summit hosted
CNBC The U.S. could return to full employment in 2022 if President Joe Biden’s $1.9 trillion coronavirus rescue package is passed, Treasury Secretary Janet Yellen said on Sunday. “There’s absolutely no reason why we should suffer through a long slow recovery,” Yellen said during an interview on CNN’s “State of the Union.” “I would expect that if this package is passed that we would get
Fox Business Investors are piling into the safety of U.S. government debt, pushing the yield on the 10-year Treasury note above 1% for the first time since March of 2020. 10-YEAR YIELD HITS 1.047% With the Democrats moving to full control of the Senate, along with the House, spending is likely on the rise. “I think we are going to see a lot
Stocks down as Yellen warns valuations are over historical averages Federal Reserve Chair Janet Yellen warned that stock valuations are “generally quite high,” and that “there are potential dangers” in a discussion yesterday with International Monetary Fund Managing Director Christine Lagarde. Many analysts point out that stock prices, relative to corporate earnings, are higher than their historic norms. This could
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