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Yellen Says Higher Interest Rates Would Be ‘Plus’ for U.S., Fed

  • Treasury secretary speaks in interview Sunday after G-7 summit
  • Yellen ‘will not give up on’ Biden’s $4 trillion spending plan
Bloomberg business news
WATCH: Yellen said Biden's $4 trillion spending plans could trigger inflation, but that it would actually be a "plus" for the society and the Fed. Enda Curran reports.(Source: Bloomberg)
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Treasury Secretary Janet Yellen said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.