Money Makers Mentor

Treasury Secretary Yellen: Interest Rates May Have to Rise to Keep U.S. Economy from Overheating

On May 3, Treasury Secretary Janet Yellen said that interest rates may have to rise in order to keep the growing U.S. economy at a manageable level. Government stimulus relief spending over the past year exacerbated, in part, this significant economic growth.

“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 seminar presented by The Atlantic. “Even though the additional spending is relatively small relative to the size of the economy, it could cause some very modest increases in interest rates.”

“But these are investments our economy needs to be competitive and to be productive. I think our economy will grow faster because of them,” she added.

The U.S. economy has experienced significant growt…

Leave A Reply

Your email address will not be published.