Janet Yellen, former chairman of the Federal Reserve, says interest rates are likely to be raised three to four times this year, and also commented that recent tax cuts and increased government spending poses at least some risk of excessive economic growth.
When asked, Yellen said that she would not disclose any classified information and talked about the economy as well as a general view of monetary policy. It has also been largely stuck close on the gradual monetary tightening policy that Jerome Powell has referred to since taking office.
Yellen expects 3 to 4 rates hiked this year
Janet Yellen, former chairman of the Federal Reserve, says interest rates are likely to be raised three to four times this year, and also commented that recent tax cuts and increased government spending poses at least some risk of excessive economic growth.
When asked, Yellen said that she would not disclose any classified information and talked about the economy as well as a general view of monetary policy. It has also been largely stuck close on the gradual monetary tightening policy that Jerome Powell has referred to since taking office.
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