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Yellen suggests US interest rates may need to rise

Yellen suggests US interest rates may need to rise
Jeff Stein
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Washington | Treasury Secretary Janet Yellen said in remarks aired on Tuesday (Wednesday AEST) that the US economy could be at risk of overheating if the Biden administration’s spending proposals are approved.
She raised the prospect of interest-rate increases, which appeared to cause a selloff in the stock market.
US Treasury Secretary Janet Yellen.
AP
In an interview with
The Atlantic, Yellen defended the administration’s proposed spending programs but said that if approved they may require the central bank to raise interest rates to prevent the economy from expanding too rapidly. ....

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