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Yellen says rates may have to rise to prevent ‘overheating’ – Financial Times

US Treasury secretary opines on monetary policy as Biden administration pushes infrastructure bill

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US Treasury secretary Janet Yellen warned on Tuesday that interest rates may need to rise to keep the US economy from overheating, comments that exacerbated a sell-off in technology stocks.
The former Federal Reserve chair made the remarks in the context of the Biden administration’s plans for $4tn of infrastructure and welfare spending, on top of several rounds of economic stimulus because of the pandemic.
“It may be that interest rates will have to rise somewhat to make sure that our economy doesn’t…

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