Yellen says higher interest rates would be 'plus' for US

"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," Yellen said in an interview with the outlet.

WASGINGTON: U.S. Treasury Secretary Janet Yellen said that President Joe Biden's US$4 trillion spending plan would be good for the U.S., even if it contributes to rising inflation and results in higher interest rates, Bloomberg News reported.

"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," Yellen said in an interview with the outlet on Sunday. https://bloom.bg/34Vf35T