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Janet Yellen says higher Treasury yields signal recovery, not inflation

"I don't see that the markets are expecting inflation to rise above the 2% inflation objective that the Fed has as an average inflation rate over the longer run," Yellen said in a PBS Newshour interview.

March 06, 2021 / 07:38 AM IST
Janet Yellen (Image: AP Photo/Andrew Harnik, File)

Janet Yellen (Image: AP Photo/Andrew Harnik, File)

U.S. Treasury Secretary Janet Yellen on Friday said higher long-term Treasury debt yields were a sign market participants were anticipating a stronger recovery, not of increased inflation concerns.

"I don't see that the markets are expecting inflation to rise above the 2% inflation objective that the Fed has as an average inflation rate over the longer run," Yellen said in a PBS Newshour interview.

She added the United States needs faster job growth than seen during February, but can reach full employment by next year with President Joe Biden's $1.9 trillion stimulus plan in place.
Reuters
first published: Mar 6, 2021 07:33 am

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