Treasury Secretary Janet Yellen believes that the Biden administration’s spending agenda is worthwhile, despite potential spikes in inflation.
In an interview with Bloomberg News on Sunday, Yellen — who served as Chair of the Federal Reserve from 2014 to 2018 — affirmed that “if we ended up with a slightly higher interest rate environment” as a result of President Biden’s proposed outlays, it would “actually be a plus for society’s point of view and the Fed’s point of view.”
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