Yellen says higher interest rates would be 'plus' for US
said that 's $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 's point of view," Yellen said in an interview with the outlet on Sunday.
"We've been fighting inflation that's too low and interest rates that are too low now for a decade," the report quoted Yellen as saying.
"We want them to go back to" a normal interest rate environment, "and if this helps a little bit to alleviate things then that's not a bad thing- that's a good thing," Yellen added
So American workers paying higher interest (and thus more real dollars) on their home mortgages, car notes, loans, credit cards, and business owners paying more on their revolving credit is a "plus"?????
You gotta be a special kind of ****** to believe that.
said that 's $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 's point of view," Yellen said in an interview with the outlet on Sunday.
"We've been fighting inflation that's too low and interest rates that are too low now for a decade," the report quoted Yellen as saying.
"We want them to go back to" a normal interest rate environment, "and if this helps a little bit to alleviate things then that's not a bad thing- that's a good thing," Yellen added
So American workers paying higher interest (and thus more real dollars) on their home mortgages, car notes, loans, credit cards, and business owners paying more on their revolving credit is a "plus"?????
You gotta be a special kind of ****** to believe that.
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