U.S. Treasury Secretary Janet Yellen spoke about the prospects for higher interest rates over the weekend, triggering some confusion over which interest rates she was referring to. “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,” the former Federal Reserve chair told Bloomberg in an interview on Sunday. Yellen’s remarks come as the Jerome Powell-led Fed continues to pin short-term… Source link
Read More »The wonky interest rate that Janet Yellen was really referring to
