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Yellen Spooks Markets With Fed-Like Comments “Rates May Have to Rise Somewhat”

Summary:
Unofficial Dual RoleContinuing her unofficial dual role as a Fed president as well as Biden's Treasury Secretary, Janet Yellen commented in an Atlantic interview Rate May Have to Rise Somewhat to prevent overheating.“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t overheat, even though the additional spending is relatively small relative to the size of the economy,” Ms. Yellen said when asked if the economy could handle the kind of robust spending that the Biden administration is proposing. “I think that our economy will grow faster because of them,” Ms. Yellen said of the proposed investments, such as research and development spending.Tools? Who Has the Tools?Biden wants to increase spending by trillion with Progressives wanting even

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Yellen Spooks Markets With Fed-Like Comments
Mike Shedlock
Mike Shedlock (Mish) is a registered investment advisor representative for SitkaPacific Capital Management (http://www.sitkapacific.com/). Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

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