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Home Business Janet Yellen says higher Treasury yields signal recovery, not inflation

Janet Yellen says higher Treasury yields signal recovery, not inflation

WASHINGTON: US Treasury Secretary Janet Yellen on Friday mentioned higher long-term Treasury debt yields have been an indication market contributors have been anticipating a stronger restoration, not of elevated inflation issues.

“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 mentioned in a PBS Newshour interview.

She added the United States wants sooner job progress than seen throughout February, however can attain full employment by subsequent yr with President Joe Biden’s $1.9 trillion stimulus plan in place.

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