Yellen says rates ‘unlikely’ to return to pre-Covid levels
Yellen says rates ‘unlikely’ to return to pre-Covid levels
14/3/2024 6:24

US Treasury Secretary Janet Yellen said it’s “unlikely” that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields.

Asked why White House projections released Monday showed markedly higher expectations for interest rates in coming years compared with projections a year ago, Yellen said the new numbers were in line with private sector forecasts.

Source: Bloomberg

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