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Treasury Secretary Janet Yellen on the need to go big with COVID relief
video As the debate over an economic relief bill continues in the Senate, the surge in hiring in February suggests that the prospects of a better spring ahead for the U.S. economy. Treasury Secretary Janet Yellen joins Judy Woodruff to discuss the latest and how it might affect the debate over the size and scope of the COVID relief package.
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Yellen says higher Treasury yields signal recovery, not inflation
U.S. Treasury Secretary Janet Yellen on Friday said higher long-term Treasury debt yields were a sign market participants were anticipating a stronger recovery, not of increased inflation concerns. “I don’t see that the markets are expecting inflation to rise above the 2% inflation objective that the Fed has as an average inflation rate over the longer run,” Yellen said in a PBS Newshour interview. She added the United States needs faster job growth than seen during February, but can reach full employment by next year with President Joe Biden’s $1.9 trillion stimulus plan in place.