US Treasury Secretary Janet Yellen indicated today that interest rates may have to rise, in order to control economic growth partly caused by the trillions of dollars in government stimulus packages.
“Perhaps interest rates should rise somewhat to make sure that our economy does not rise too much,” Janet Yellen said during an economic symposium presented by “The Atlantic”.
“Although the additional spending is relatively small in relation to the size of the economy, it could cause some very modest increases in interest rates,” she added.
However, the US Treasury Secretary indicated that these are investments that our economy needs to be competitive and productive. I think our economy will grow faster for this reason. ”