- Analytics
- News and Tools
- Market News
- US Treasury Sec Yellen: A strong US economy would prompt rate increases
US Treasury Sec Yellen: A strong US economy would prompt rate increases
US Treasury Secretary Janet Yellen, speaking at a Reuters Next event, said on Thursday that a strong US economy, which could likely prompt interest rate increases, is generally good for the world and emerging markets.
Key takeaways:
“It's up to the Federal Reserve to decide when to raise interest rates.”
“Don't want to have wage-price spiral develop in which inflation becomes chronic.”
“It's Fed's job to ensure we don't have wage-price spiral seen in the 1970s.”
“Learned while serving as fed chair to avoid surprises for markets on any rate increases.”
“Working with semiconductor manufacturers, but takes a long time to ramp up production.”
“Tariffs do contribute to higher prices.”
“Some Trump-era tariffs create problems without having any 'real strategic justification'.”
“Lowering tariffs through 'exclusion process' could be helpful, but not a 'game-changer.”
“Omicron variant could cause 'significant problems' for the economy, still evaluating that.”
Market Reaction
Market have not reacted to Yellen's commentary.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
