tldrdailynews.com logo

"Yellen Warns of Unlikely Return to Pre-Covid Rates and Regrets 'Transitory' Inflation Comments"

1 min read
Source: Bloomberg
"Yellen Warns of Unlikely Return to Pre-Covid Rates and Regrets 'Transitory' Inflation Comments"
Photo: Bloomberg
TL;DR Summary

US Treasury Secretary Janet Yellen stated that it is "unlikely" for market interest rates to return to pre-pandemic levels due to the impact of inflation and higher yields caused by the Covid-19 pandemic. The White House projections for interest rates in the coming years align with private sector forecasts.

Topics:business#covid-19#finance#inflation#interest-rates#janet-yellen#us-treasury
Share this article
  1. Yellen Says US Rates 'Unlikely' to Return to Pre-Covid Levels  Bloomberg
  2. Yellen says she regrets saying inflation was ‘transitory’  The Hill
  3. Janet Yellen warns inflation decline might not be 'smooth'  Fox Business
  4. Yellen says expects rents, biggest contributor to inflation, to move down this year  Reuters
  5. Janet Yellen admits she regrets saying inflation was 'transitory'  Fox News

Reading Insights

Total Reads

0

Unique Readers

12

Time Saved

0 min

vs 1 min read

Condensed

23%

64 → 49 words

Want the full story? Read the original article

Read on Bloomberg