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Yellen says Biden's spending plan is positive, even with higher interest rate Updated: 2021-06-07 10:00:00 KST

The U.S. Treasury Secretary says President Biden's four trillion dollar spending plan would be positive for the United States even if it leads to rising inflation and higher interest rates.
Speaking to Bloomberg News, Janet Yellen said the plan would lead around 400 billion dollars of extra spending a year, and wouldn't cause prolonged inflation.
She added that interest rates have been too low for a decade, and that slightly higher rates would help society as well as the Federal Reserve.
Reporter : tkim@arirang.com
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