Wednesday, 05 May 2021 21:37 [ Last Update: Wednesday, 05 May 2021 22:56 ]
Yellen back off comment on rates, inflation
Treasury Secretary Janet Yellen said Tuesday she is neither predicting nor recommending that the Federal Reserve raise interest rates as a result of President Biden’s spending plans, walking back her comments earlier in the day that rates might need to rise to keep the economy from overheating.